Opinion · Nov 5, 2026 02:43 UTC

DeFi angle: open interest is testing conviction — order-book depth is fragmenting desk ris

ETHEREUM daily trend
ETHEREUM daily trend

Treat open interest as the constraint and cycle psychology as the amplifier, not the other way around.

Against the backdrop of “Crypto PACs eye 2028 ‘new map’ as Democrats take Congress” and “Google Tells Schools They Can Reject AI”, positioning still matters more than slogans.

If order-book depth deteriorates while venture funding looks fine, the tape often turns defensive first.

Keeping a written thesis helps avoid narrative whiplash.

More insights