lending markets is forcing a rethink of desk risk limits

A clean chart can hide a crowded trade.

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

Put beside current chatter on “Tokenization and stablecoins may weather Democrats' sweep as broader crypto rules face uncertainty,” the incentive problem looks clearer.

Attention jumps quickly; capital moves more slowly.

In practice, lending markets and NFT liquidity interact before price fully reflects either one.

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