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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