cross-exchange spreads remains the swing factor for carry strategies

Markets rarely move for a single reason.

In that environment, patience is a position, not a slogan.

Put beside current chatter on “4M Bitcoin Bought Above $85K Could Cap Recovery: Glassnode,” the incentive problem looks clearer.

Meanwhile, order-book depth can either confirm the move or expose it as temporary.

The gap between basis trades and stablecoin minting is where false confidence usually builds.

Markets rarely move for a single reason.

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