US session flows is underpricing spot-led moves

The gap between US session flows and macro liquidity is where false confidence usually builds.

For operators, process beats prediction when the tape is noisy.

That debate sits next to today’s market focus around “What Democrats’ US midterm sweep means for the CLARITY Act.”

Keeping a written thesis helps avoid narrative whiplash.

If self-custody adoption deteriorates while developer activity looks fine, the tape often turns defensive first.

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