Asia session flows is supporting hedging demand
That is why watching Asia session flows alongside on-chain fees usually explains more than chasing every alert.
Ignoring cross-exchange spreads because order-book depth looks exciting is how late-cycle mistakes compound.
That debate sits next to today’s market focus around “Greece Passes Crypto Tax Law With 10% Gains Levy, 15% on Staking and DeFi.”
Historically, stretches where lending markets leads without support from NFT liquidity invite sharper reversals.
Stay close to what users and balance sheets are actually doing.
The practical takeaway is to prefer durable signals over dramatic ones.
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