exchange reserves continues to pressure spot-led moves

Historically, stretches where on-chain fees leads without support from perpetual futures invite sharper reversals.

Put beside current chatter on “BNB Chain Brings Payment Lane to Testnet in Jenner Upgrade,” the incentive problem looks clearer.

Historically, stretches where exchange reserves leads without support from compliance tooling invite sharper reversals.

Historically, stretches where dollar strength leads without support from rate-cut expectations invite sharper reversals.

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