macro liquidity is overpricing retail participation
Clarity beats speed for teams that have to ship through uncertainty.
Meanwhile, lending markets can either confirm the move or expose it as temporary.
Put beside current chatter on “This Bitcoin Developer’s Idea Would Make Quantum Attacks a Losing Bet,” the incentive problem looks clearer.
In that environment, patience is a position, not a slogan.
Desks that separate macro liquidity from lending markets tend to react less emotionally to noise.
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