$BTC In the short term, it is still expected to primarily decline.
1. Traditional finance will not immediately enter the cryptocurrency market after interest rate cuts, but will invest in more traditional markets. Therefore, initially, funds will flow from cryptocurrency to prepare for traditional finance. To put it bluntly, cryptocurrencies currently do not offer good value for money, and the win rate in spot trading is not as good as in other traditional markets.
2. The major drop on 1011 and the recent problems in DeFi indicate insufficient regulation. Without basic financial safety and auditing guarantees, traditional financial institutions will not enter, and it is even more likely that they will prioritize withdrawing to choose safer investment markets.
Some may think that ETFs are already available in the United States and are recognized by financial institutions worldwide, but I do not share this view.
In conclusion: at this stage, there are better investment targets than cryptocurrencies, and there is no need to stay in a higher-risk market. However, it will eventually rebound to this level, but certainly not during this period; the events on 1011 and the DeFi collapse may be beneficial, as any industry learns from painful lessons.
Join us at #BinanceTurns8 for the celebration event at #BinanceTurns8 , sharing up to $888,888 worth of BNB! https://www.marketwebb.red/activity/binance-turns-8?ref=GRO_19600_EPO9U
BNB holders basically ignore all your costs. I recommend that those borrowing or buying now should not participate, it's not worth it.
sunsyy
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Will you participate in the next IPO event? Let's calculate the cost and income of the eighth IPO event.
1. Pledge 3 BNB to get STO value of 23-30 USD (if it doesn't pump, the minimum goes to 23 USD).
After pledging, 3 BNB is returned as 2.98625 BNB (cost 0.01375 BNB, approximately 8 USD).
2. The price of BNB fluctuates between a maximum of 609 and a minimum of 595. If you short hedge or borrow, there will be a small fee, estimated at 1 USD. If you directly buy hard, the loss can reach up to 42 USD. (609-595)*3=42.
3. Selling spot BNB for USDT incurs a fee of 3 USD. If sold as FDUSD or USDC, the fee can be waived, but if unexpected news like yesterday's sudden drop occurs, it could be a disaster.
In the end, for a single order of 3 BNB, selling at 23-30 USD could yield 14 to 21 USD (after deducting 8 USD cost and fees).
The even worse scenario is that those who hard buy BNB to participate in the event can ultimately lose up to 23-30 USD. 😂
Still less liquidation, the classic Air Force graveyard TRB, the price hasn't fluctuated much, but it has been liquidated. Because of the funding fee -3%, it directly wiped out the margin.
李元指标
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Bearish
The exchange is being really messed up right now. It's a complete method of cutting leeks (scamming investors). In the past, new coins would go live and then crash. They would get criticized for always falling. But this time, they changed the funding rate to two hours, which seems beneficial for the bulls, but in reality, it's a harsher way to cut leeks. It's obvious that after the project is overvalued, it will also drop. However, due to the funding rate, it allows the project parties to easily pump the price, and once pumped, it will almost certainly drop. You know that in the long term, it will fall, but you can't short it. If you short, you have to pay the funding rate. You can't buy spot either, because the project parties will sell off once they pump. The only option is to go long. If you go long, you can't be sure where the project parties will start selling. The fundamental issue is that the project is not viable or is overvalued. Knowing it's overvalued, they still want to help the project parties pump it up. Previous coins only fell by eighty or ninety percent. In this situation, it could fall by ninety-seven or ninety-eight percent.
The funding fee also needs to be X2, if you open 100 times, then X100
新进场的小菠萝
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Bearish
$LAYER Shorted $Layer 2✖️, Testing OKX Contract Fees How Scary❓❓
Recently, everyone is saying that shorting VC coins when they go live can make money, but it is easy to overlook the funding rate issue. Let’s do a test with $Layer and see.
🅰️ First, look at Image One: Actual: Cost 500U, 2x short, Profit 143U, Profit Rate 28.66% Based on the ledger (1.308-1.08)/1.308✖️2=34.8% Ledger Profit 34.8%✖️500U=174U Actual Wear 174-143=31U Holding Time 56min
🅱️ What are the short fees for $Layer on OKX? See Image Two: 1. Minimum -3% (short pays more), currently 1% 2. Charged every 2 hours (usually charged every 8 hours)
🆎 Final Calculation 1. Actual Wear Rate 34.8%-28.66%=6.14% 2. Holding for less than 1 hour, at -3% top rate is also incorrect 3. Is there a problem with my calculation method?
In summary: If held all day, the rate could be as high as 36%, the money you earn is really not enough to fill this hole. Additionally, the funding fee will be deducted from the margin; the more you lose, the faster it accelerates the liquidation. Be cautious with shorting!
The coin #币安LaunchpoolBIO had two auctions held in November by the project team in advance, selling a total of 660 million coins, of which 330 million can be listed for trading immediately, and the remaining will be unlocked after one year.
This time, the Binance airdrop has an airdrop amount close to 100 million. However, the initial auction price was between $0.03 and $0.06 each. What does that mean?
Our cost for participating in mining is approximately between $0.17 and $0.34, a figure I calculated myself.
This means that the holding cost for those who participated in the auction is far lower than what we have in mining on Binance, how can we compete with that?
By January 3rd, when $Bio officially goes live, the coins obtained from the auction will have doubled in value.
The later participants take over from the earlier ones.
Binance released the reserve certificate for January 2024, and the BTC reserve ratio reached 103.79%
Binance released the reserve certificate for January 2024. The BTC reserve ratio reached 103.79%, the USDT reserve ratio reached 123.20%, and the BNB reserve ratio reached 106.04%.
This data proves that Binance has funds covering all user assets 1:1 with additional reserves.
#MyFirstSquarePost Hey Binance Square folks! Just dropped in. What's everyone chatting about in the crypto world today? Always up for a good discussion. 😁
ome Solana ecosystem tokens and meme coins are gaining value from SOL’s 110% rally over the past month, a sign of rising bullish expectations for the blockchain among investors. Bonk (BONK), a Solana token that began life as a meme coin in January, has surged 66% over the past 24 hours to extend a week-long rally to over 170%, data shows. Trading volumes and market capitalization have nearly tripled in a weekly period.
Such a resurgence indicates new money flowing into the Solana blockchain, especially among risk-on traders. Value locked on Solana ecosystem projects has increased to $465 million on Thursday from $300 million at the start of October, suggesting a boost in fund allocations toward decentralized applications built on the network.#Poloniex
Some Solana ecosystem tokens and meme coins are gaining value from SOL’s 110% rally over the past month, a sign of rising bullish expectations for the blockchain among investors. Bonk (BONK), a Solana token that began life as a meme coin in January, has surged 66% over the past 24 hours to extend a week-long rally to over 170%, data shows. Trading volumes and market capitalization have nearly tripled in a weekly period. Such a resurgence indicates new money flowing into the Solana blockchain, especially among risk-on traders. Value locked on Solana ecosystem projects has increased to $465 million on Thursday from $300 million at the start of October, suggesting a boost in fund allocations toward decentralized applications built on the network.#Poloniex