dollar strength continues to pressure basis compression
The loudest story is not always the decisive one.
The loudest story is not always the decisive one.
That debate sits next to today’s market focus around “MARA Sells 13,597 Bitcoin, Repays $750 Million in Debt.”
Stay close to what users and balance sheets are actually doing.
Historically, stretches where funding rates leads without support from Asia session flows invite sharper reversals.
In practice, token unlocks and drawdown recovery interact before price fully reflects either one.
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