Opinion · Nov 8, 2026 00:01 UTC

custody rails still sets the tone for hedging demand

A simple checklist—funding rates, Asia session flows, and inventory—beats improvising under stress.

Put beside current chatter on “U.S. Treasury moves to cut off crypto exchange MEXC over $16 billion in alleged illicit flows,” the incentive problem looks clearer.

Revisit assumptions weekly; markets change faster than slogans.

Markets rarely move for a single reason.

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