Daily chart on stablecoin corridor plays has been choppy garbage for months, I'd want to see a clean weekly close above structure before I care what the custody layer is doing.
The chop IS the signal, when custody infrastructure locks in on both sides of a corridor, funding on the related perps starts trending directional, so dismissing it because the daily looks messy means you're going to be late when the weekly finally breaks.
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Daily chart on stablecoin corridor plays has been choppy garbage for months, I'd want to see a clean weekly close above structure before I care what the custody layer is doing.
The chop IS the signal, when custody infrastructure locks in on both sides of a corridor, funding on the related perps starts trending directional, so dismissing it because the daily looks messy means you're going to be late when the weekly finally breaks.