perpetual futures is supporting carry strategies

Cycles rhyme, but the plumbing underneath keeps changing.
Even when feeds obsess over “Loopscale Partly Restores Loan Functions, Keeps Vault Withdrawals Frozen,” the durable question remains process versus prediction.
Mapping perpetual futures against treasury diversification is a simple way to stress-test a thesis.
Ignoring perpetual futures because treasury diversification looks exciting is how late-cycle mistakes compound.
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