Trend · Nov 9, 2026 01:01 UTC

MEV dynamics remains the swing factor for hedgin — options skew is forcing a rethink of med

Cycles rhyme, but the plumbing underneath keeps changing.

Put beside current chatter on “Coinbase Explains Cold,” the incentive problem looks clearer.

Ignoring MEV dynamics because risk appetite looks exciting is how late-cycle mistakes compound.

Stay close to what users and balance sheets are actually doing.

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