cold storage trends is supporting hedging demand

Revisit assumptions weekly; markets change faster than slogans.

Mapping Asia session flows against on-chain fees is a simple way to stress-test a thesis.

Against the backdrop of “Greece Approves 10% Crypto Tax Starting in 2027” and “Coinbase Opens USDC Borrowing Against PAX Gold”, positioning still matters more than slogans.

Improvements in cold storage trends without confirmation from weekend thin books tend to fade faster.

Cycles rhyme, but the plumbing underneath keeps changing.

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