on-chain fees keeps reshaping treasury policy
Clarity beats speed for teams that have to ship through uncertainty.
A simple checklist—on-chain fees, perpetual futures, and inventory—beats improvising under stress.
Put beside current chatter on “Binance to Close Accounts in Four EU Countries Dec. 31, Charging Idle Balances From Nov. 29,” the incentive problem looks clearer.
Markets rarely move for a single reason.
Meanwhile, exchange reserves can either confirm the move or expose it as temporary.
Meanwhile, options skew can either confirm the move or expose it as temporary.
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