perpetual futures keeps surprising consensus on hedging demand

Builders and treasuries should track perpetual futures even when social feeds obsess over treasury diversification.
Better questions beat louder opinions when regimes shift.
That debate sits next to today’s market focus around “MEXC Says Withdrawals Continue as FinCEN Orders US Financial Cutoff.”
Risk is easiest to ignore precisely when it is most expensive.
When basis trades and stablecoin minting disagree, sizing down beats inventing a clever story.
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