Analysis · Nov 3, 2026 14:12 UTC

basis trades is forcing a rethink of basis compression

SOLANA daily trend
SOLANA daily trend

In practice, basis trades and stablecoin minting interact before price fully reflects either one.

That debate sits next to today’s market focus around “Tom Lee Sees a Bull Market in the Binance Hack. Stablecoin Data Disagrees.”

Risk is easiest to ignore precisely when it is most expensive.

Desks that separate macro liquidity from lending markets tend to react less emotionally to noise.

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