risk appetite is rewriting assumptions about spot-led moves

Markets rarely move for a single reason.

Against the backdrop of “MSCI Confirms Strategy and Metaplanet Removal at November’s Rebalance” and “Bitcoin Falls Alongside Nvidia as ETF Outflows Reach $1.44 Billion”, positioning still matters more than slogans.

Markets rarely move for a single reason.

Better questions beat louder opinions when regimes shift.

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