Smoking Gun 6

Most frameworks assume:

more capital → more causality

But I have discovered and proven that:

Causality can exist before participation.

Capital did not cause the move.

Capital only modulated its speed.

That forces a rethink of:

• volume-first logic

• flow worship

• and the idea that “big money” must always act contemporaneously to matter

In reality, the most consequential capital often arrives after direction is already constrained - VWAP shifts.

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What moves markets isn’t capital in isolation—it’s structure.

Capital accelerates what authorship has already made permissible.