May 11, 2024 Grandpa checks in
EigenLayer's staking rewards have been issued, with 113 million issued in the first quarter. This time, for early staking users, users who staked from March 15 to April 29 will receive airdrop rewards in the second quarter. At present, Eigen's airdrop has directly injected hundreds of millions of US dollars into the market, and those who participated in the staking have received considerable returns. Ethereum's hot restaking track can achieve multiple benefits, not only can you get Eigen's airdrop rewards, but also some rewards from other projects. Even now, everyone can continue to participate.
I have always emphasized that the way of playing in the B circle has undergone a paradigm shift this year, from private placement to early participation. Whether it is active or pledged funds, the essence of distributing chips has not changed, it is just obtained in another form. For example, if we participate early, there will be handling fee losses, principal risks, and a lot of time and energy. These are the composition of our costs, and in the end we get airdrops from the project party. In fact, this is a disguised level one, so everyone should take positive action.
Yesterday, GBTC had a net inflow of 103 million US dollars, while many other ETF funds had zero inflow and outflow, including the trading volume of Hong Kong's ETF products, which was only tens of millions of US dollars. Overall, the impact of ETFs on the market is weakening, so it is not realistic to expect the market to be driven by ETFs again in the future. The market must find a new driving force. At present, the funding level may still have to wait until the Federal Reserve starts to cut interest rates, causing changes in demand from the outside to the inside through funds, so that the price of bitcoin can achieve a bull market.
The short-term market has fallen into low volatility shocks. It is expected that this market will continue for the next 1-2 months. If you don’t want to do swing trading, I think you can invest in a portion of your position through fixed investment or options. Of course, in my opinion, the prices of many cottages are not low. If you don’t know this position well, it is not suitable to enter the cottage. Focus on mainstream coins first. Recently, I have been looking at some projects that are more inclined to the first level, such as cellula. Life. If you are interested, you can go and have a look. Once it is confirmed, I will also let the friends in the group invest some.
Thank you for your attention and likes.