Ether is rotating through basis compression — funding rates is rotating through spot-l

Builders and treasuries should track wallet UX even when social feeds obsess over options skew.

That debate sits next to today’s market focus around “Bitcoin tops $80k as $694m liquidation wave fuels recovery toward $85k.”

Risk is easiest to ignore precisely when it is most expensive.

If funding rates deteriorates while Asia session flows looks fine, the tape often turns defensive first.

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