Market structure & risks



Concentration risk: ETF flows can concentrate price moves — a single large product or institutional rebalancing day can swing liquidity and amplify volatility.

Regulatory & index decisions: Corporate/index events (e.g., potential index inclusions/exclusions for big holders) and regulatory headlines still move the market sharply; watch institutional headline events.

Fragile sentiment: Despite recent rallies, traders remain sensitive to macro prints, ETF flow reversals, and short-term on-chain/leverage signals — so rebounds can be fragile.
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