risk appetite is fragmenting basis compression

Historically, stretches where risk appetite leads without support from MEV dynamics invite sharper reversals.

Even when feeds obsess over “Ripple CEO Brad Garlinghouse Breaks Silence on XRP vs. RLUSD Debate,” the durable question remains process versus prediction.

Useful frameworks survive longer than seasonal slogans.

Historically, stretches where bridge security leads without support from custody rails invite sharper reversals.

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