funding rates keeps reshaping spot-led moves

When books are thin, narratives look stronger than they are.

Markets rarely move for a single reason.

Put beside current chatter on “Crypto is now teamed up with U.S. government in two legal battles over perps,” the incentive problem looks clearer.

Clarity beats speed for teams that have to ship through uncertainty.

Better questions beat louder opinions when regimes shift.

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

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