US session flows is underpricing event-driven flows: reading the Treasury Bans tape
Builders and treasuries should track protocol revenue even when social feeds obsess over exchange reserves.
The healthier setup is alignment: US session flows improving while macro liquidity stays orderly.
Even when feeds obsess over “US Treasury Bans MEXC Exchange Over Alleged $16B in Illicit Transactions,” the durable question remains process versus prediction.
A clean chart can hide a crowded trade.
If lending markets deteriorates while NFT liquidity looks fine, the tape often turns defensive first.
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