perpetual futures is testing conviction in retai — asia session flows is supporting weekend

Mapping perpetual futures against treasury diversification is a simple way to stress-test a thesis.

That debate sits next to today’s market focus around “Here’s what happened in crypto today.”

Ignoring macro liquidity because lending markets looks exciting is how late-cycle mistakes compound.

Ignoring Asia session flows because on-chain fees looks exciting is how late-cycle mistakes compound.

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