Analysis · Nov 10, 2026 13:13 UTC

dollar strength is rotating through basis compression

Liquidity still decides how far any catalyst can travel.

The edge is often just refusing to confuse volume with conviction.

Put beside current chatter on “Coinbase, Kalshi join lawsuit backing CFTC over US stock perp futures,” the incentive problem looks clearer.

Attention jumps quickly; capital moves more slowly.

Desks that separate macro liquidity from lending markets tend to react less emotionally to noise.

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