Asia session flows is supporting narrative durab — open interest keeps surprising consensus

Desks that separate Asia session flows from on-chain fees tend to react less emotionally to noise.

That debate sits next to today’s market focus around “Kalshi Drops Trump Jr. as Adviser Days After Senators Flagged His Ties.”

Ignoring perpetual futures because treasury diversification looks exciting is how late-cycle mistakes compound.

Desks that separate open interest from cycle psychology tend to react less emotionally to noise.

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