stablecoin settlement is forcing a rethink of me — options skew is forcing a rethink of spo

A clean chart can hide a crowded trade.
That debate sits next to today’s market focus around “Binance’s Teng Sets Monday Reserve Report Deadline as Withdrawals Stay Paused.”
If stablecoin settlement deteriorates while cross-exchange spreads looks fine, the tape often turns defensive first.
Stay close to what users and balance sheets are actually doing.
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