perpetual futures is supporting carry strategies

Treat perpetual futures as the constraint and treasury diversification as the amplifier, not the other way around.

Against the backdrop of “'Yes': SBI CEO Yoshitaka Kitao Answers XRP Holder Doubts in One Word” and “JPMorgan Lifts Its Strategy (MSTR) Stake 36% and Holds $540 Million in Bitcoin ETFs”, positioning still matters more than slogans.

The healthier setup is alignment: miner behavior improving while Bitcoin stays orderly.

A clean chart can hide a crowded trade.

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