牛霸天

Let numbers give you a clear, intuitive feel for just how exaggerated the contract trading fees are—your monthly fees exceed your principal. Click the yellow text to view 合约手续费

Across the entire internet, we recruit excellent nodes to help people earn rebates—top rebate ratio across the whole network. 全网招募助力人

Fee rebates are about following the rules and saving; it’s a must-have need for mature traders. 了解规则百战百胜

If you have resources and connections, you can become one of my node helpers. Click the yellow text to view my nodes 部分助力人数据

If you want to see my real strength, click the yellow text to jump to someone who never uses charts from a month ago. 全实图显示欢迎打假

Old users can be recalled 📣📣 You can join by choosing from the links below

1. If you haven’t traded for 90 days and have recharged, please look here 老用户招回

New users who register through the link will get a $500 trading-fee reward

How to set up the rebate operation when binding your Binance wallet here is simple:
1️⃣ Open the Binance App → tap “Wallet” at the top-right → “Invite Friends”
2️⃣ Enter the invitation code—the trading fee will be directly reduced
3️⃣ Enter GNBT01, confirm, and it will automatically rebate 30%

Binance’s loyal rebate team leader—ranked #13 on Binance’s monthly contract fee contribution leaderboard, with over $300,000 in contract fees in a single month

How do I add me as a Binance friend?

Scan the QR code in Photo 3 to add as well—you can also view the chat room below the avatar. Click to join the chat

If you have questions, I’ll have the answers. Professional matters, handled by professionals #手续费返佣 #手续费 #rebate

牛霸天聊天室 Click the yellow text to enter or tap the avatar to access the chatroom at the bottom of the personal homepage.

Confidence comes from strength! Strength comes from character.

Boss players never rely on charts older than three months; in the crypto scene, three months is a short cycle. 天下英雄如过江之鲫 can click the yellow text to check the strength.

The crypto market is a dark jungle; the weak are eliminated while the strong survive. For inquiry ratios, please first click the yellow text to redirect before consulting 只服务强者.

Those who buy are students; those who sell are mentors. 会空仓的才是祖师爷 If you're unsure about going short, click the yellow text to check.

Want to make big bucks in crypto? Click the yellow text to view the secrets 交易应该逆大众而行.

If you resonate with my content, we are like-minded friends. Please click the yellow text to give me a minute 花一分钟了解我.

Trading requires effort and cost; capable individuals delegate repetitive tasks to machines for execution 相信量化机器人.

Liquidation fees can be steep; to learn how to avoid a 1.5% liquidation fee, please click the yellow text to redirect 爆仓清算费.

The man on the Binance fee rebate leaderboard is a powerhouse #手续费 #返佣 #FeeRebate

Young people you should like

Leopold Aschenbrunner

> Graduated from Columbia University at 19
> Joined the FTX Future Fund
> The FTX collapse
> Joined OpenAI’s Super Alignment team
> Fired for “leaks”
> Raised a $2 billion AI fund
> The fund collapsed
> And he still hasn’t turned 26 this year

It doesn’t matter whether a quantitative robot makes money; what matters is that it can free up time. What is the purpose of our efforts to make money? An inch of time is an inch of gold; an inch of gold is hard to buy an inch of time.

Friends, don’t you believe it? Just look: the sudden rain outside has just stopped. Everything is gloomy and chilly; the air is filled with the smell of damp earth. Cars and vehicles flow nonstop on the street, and everywhere in the rolling world of dust there is human life and everyday fire—$BTC

$LA leaked a fire-forging technique.
When the market isn’t good, withdraw your funds from the arbitrage, and find an asset to lie in ambush for.
(What to buy is important—this is another set of cultivation methods.)
When the market comes, sell and switch back to arbitrage.
Repeat like this.
(The real situation where the market is bad is when the arbitrage profits drop significantly.)

In the end, I bought in and got ambushed! With this funding fee—$LA —what should I do next?

Borrow coins to sell; go long on the contract to take the funding fee

$BTW 0x012305fe46ffeb00377c33ab011cf720627d0f0626c19ef71b578f4abd6c2fd9

Someone transferred coins and accidentally sent $100,000 worth of BTW to a contract address. Is that the so-called “big brain”?

I didn’t go hype to open a position back then. I thought since the position size wasn’t big, I’d just open it directly on aster. Comparing it all, I truly came to understand why the leading stock is a leader. On aster, you could say it’s completely illiquid—so is this what people call “dragon two”? With a position size of four or five thousand dollars, there’s no way to close out. That made me even more determined to only trade the leading stocks.

Back to this trade with Changxin: the funding rate was disgusting. There was basically no way to short. Even if I ended up profitable, I’d probably still get killed by the funding rate. I closed the position and left.

Now it’s a matter of national will. The market can go down, but there’s no way any institution dares to take a direct bearish bet. Even if it grinds lower, in the end it still ends up working for the longs.

Along the way, it’s all been guidance from teachers. For me, aster is most likely already blacklisted: $ASTER $HYPE

$SNDK Selling when the crowd is roaring, buying when no one pays attention is never an empty slogan

When your thinking only allows one path—buying the dip—you’re proving you’re a person doomed to struggle

Some people always want to buy the dip, but from entry to exiting the target, they may have been stuck just trying to get back $SKHYNIX

People still can’t afford to be lazy—when I saw that Binance Wallet launched the LongXin contract

I thought, let me short a 4,000-dollar position to feel the temperature. Well, would you believe it—I couldn’t get a response even after hanging around for half a day.

Are you all shorting there? How’s the hype liquidity?

In the past 12 hours, tokens with relatively active outflows from on-chain CEX+DEX on the BSC chain:
1、 $TAG , trading volume USD 15 million, net outflow USD 11 million
2、$BANK , trading volume USD 3.5 million, net outflow USD 2.2 million
3、$ZEC , trading volume USD 1 million, net outflow USD 0.6 million
（Not investment advice for opening positions! Not investment advice for opening positions! Not investment advice for opening positions!）
（Say it three times for emphasis—manage your emotions and your trading!）

Do you also find it hard to tell these two exchanges apart?

Even funnier is that when MEX shut down, everyone thought it was the Mart exchange, and then went to withdraw funds—hard—only to get the Mart exchange shut down as well.

Don’t go to shady exchanges. Just use Binance. The more projects or other exchanges that have closed, the more it means that it’s now a good time to start DCA and buy in.

$SXT In this market, the always-long and always-short can both make money. In the endless sea of long/short “small experts,” however, in the end they all lose money. I won’t even talk about whether their calls are right or wrong—just the trading fees from frequent trading can wipe out the principal. If you trade thousands of times, your principal is all gone in fees. Ask yourself: up to now, do you still not know the fee-charging standards? Do you know there’s something called fee rebates?

I’m a stubborn person. Even though I know futures have advantages, I still choose spot. Futures are a tool. I’ll only use them if I need arbitrage or hedging to hedge risk. I slow myself down—at this point, I won’t do anything that could get me killed. The key to surviving bull and bear cycles is to survive! I buy a $1,500 spot altcoin, while I go open a 10x leveraged contract at $150—looking at the position size, they seem similar. But spot and contracts are different survival battlefields. Anyone who hasn’t experienced a complete liquidation down to zero won’t understand.

Being stubborn is much simpler than being a trader who calls eight hundred different directions in a day. People who make money are always the ones who are “foolish”—because trading is money flowing from emotionally unstable people to emotionally stable people

$BTC As the dusk witnesses the devout believers, at the peak, false supporters are generated

UK-listed company Satsuma @Satsuma_UK raised $218 million last year. Its business model is simply to buy Bitcoin and hold it—essentially a mini version of MicroStrategy.

Last week, the company’s shareholders voted, with 90% in favor to pass the resolution: sell the remaining 668 Bitcoin, return the money to everyone, and delist from the London Stock Exchange...

Bitcoin: About 80% of the time it is in a state of being down more than 20% from its ATH (all-time high). S&P 500: About 19%. US real estate: Only 2% to 5%.

In other words, you buy a house—more than 95% of the days, it’s only less than 20% away from its all-time high. If you buy the S&P 500, then 80% of the days it’s not that far off either. But if you buy Bitcoin, for four-fifths of the time you’re enduring drawdowns of 20% or more from the peak unrealized gains.

It’s an interesting perspective.

Some people might think that maximum peak-to-trough unrealized drawdown doesn’t necessarily mean a loss. But anyone who’s gone all-in and ridden a roller coaster understands that unrealized drawdown hits people’s psychology just as hard.

For example, suppose you start with 1 million, the bull market lifts it to 10 million, and then the bear market drops it back to 1.5 million. It may look like, relative to your principal, you haven’t lost. Yet most people will still feel an enormous sense of loss. The feeling of losing the 10 million you once had—only to have it taken away—can even be stronger than if you had never received 10 million in the first place.

Therefore, the statistics above can be understood as: when you hold Bitcoin, you’ll experience a sense of loss exceeding 20% for more than 80% of the time. In other words, most of the time you’ll be overshadowed by the feeling of repeatedly gaining and then losing—i.e., the bear-market feeling.

More than 80% of the time—one could call it an eternal bear market.

You should know: Bitcoin is the best-performing asset in human history, bar none. Something with the highest long-term returns, yet it spends 80% of the time underwater $BTC

$CRCL I sold all my positions. Last night I算了一下成本—when I saw the loss was still acceptable, I decided to cut out and exit. Since my capital is limited, buying $BTC directly is better.

In the past, in the crypto space, those “air” projects could get pumped to an FDV of billions during a bull market, so many people naturally fantasize:

“CRCL is a legitimate outfit. When the bull market comes, won’t it really take off? Isn’t a market cap of a hundred million severely undervalued?”

This is actually a typical crypto mindset.

Once you get to the U.S. stock market, you’ll find that what’s truly worth holding long term are companies with proven, mature business models and sustained competitiveness.

As for CRCL, there are at least a few obvious problems.

First, the profit-margin ceiling is clearly limited.

Most USDC revenue comes from returns on reserve assets and is highly dependent on U.S. Treasury yields.

Earning money with high rates means that when rates are cut, profits will shrink—this is determined by the business model.

Second, there are bottlenecks in scaling.

To grow a stablecoin, you need more channel support.

But channels aren’t a charity—eventually everyone wants a share of profits. The more competitors there are, the harder it is to avoid price wars.

Third, compliance is not a moat.

In crypto, compliance is scarce; but in the U.S. stock market, compliance is just a basic threshold for listed companies.

Getting a license for a stablecoin company isn’t easy, but it’s not as hard as people think for established financial institutions, payment companies, or even tech giants to enter the stablecoin race.

Once the market expects competition, CRCL’s stock price comes under pressure, which indicates that capital is worried—precisely—that it doesn’t have enough of a moat.

Fourth, the growth logic and the profitability logic contradict each other.

Everyone expects the USDC issuance volume to surge in a bull market, but crypto bull markets are often accompanied by rate cuts—and rate cuts compress profits. The hotter the bull market, the more competitors enter the stablecoin track.

At the end of the day, CRCL is more like an internet bank—yet it enjoys the valuation typically given to high-tech companies.

At roughly 65x P/E, it’s already higher than most financial firms, and even close to many tech companies.

Investing can’t be based on just the story; you have to look at the business model.

Compliance is a plus, but it’s not enough to justify a high valuation.

The biggest misconception in crypto is taking a familiar narrative and transplanting it into an unfamiliar market.

What’s truly worth holding long term has always been companies that generate cash flow, have competitive barriers, and can continuously create value—not just stocks that merely wear the concept of blockchain.

$HEMI The circulation market value of this coin. Binance shows it incorrectly. After I found out, I sold and left. Could it really be that a fake/altcoin trend is starting?

Just buy low market cap coins at random and hold them?

Some people say that I give commissions for comments to others
and think I’m shameless and thick-skinned.
They think I’m the one who’s running counterfeits, with positions of a few hundred or even a thousand dollars.
Everyone’s path to achieving wealth is different.
So the methods and processes may be different too.
You don’t have to come and attack me or criticize me.
I’m already in my thirties—I know right from wrong.
Find a way to earn your own 100u, because your 100u is more meaningful than someone else’s 100 million u.
Too many people are just overly focused on how much others are making.
Human energy is limited.
In the end, all judgments still require you to make them yourself.
If you focus too much on others, you’ll have less time for yourself.
Without enough reflection and introspection, it’s hard to improve your decision-making ability.

$CRCL CEO was still selling Circle at prices in his 60s—something I didn’t expect. I have not bought any shares.

Third-party data confirmed: Since 2021, in all insider filings for Allaire in CRCL, there have been zero insider purchases

And at the company-wide level, since 2021 cumulative insider buying is zero shares and selling is about 12.7 million shares—meaning not a single executive has ever increased holdings

If I’m stuck in the position, I can only keep getting stuck. Now I don’t want to make money. Can they at least push it up so I can get my money back, and then I’ll leave?

Thanks to the light of our industry peers, I did a few things tonight that I won’t say for now (stealing a chicken 🐔). I think this whole “fee rebate commission” thing is just like doing business: you must find a trustworthy person, otherwise if your money has to pass through his account, a lot of people have zero humanity.

The place closest to money is never one where you should trust any selfless giving. His share is 40%, mine is 50%. The reason I can put out more is because I still have profit—but most nodes only get 30% or 40%. He gives it all to you. For love and for free work?

Leave some profit for others—partnership can last only that way. Otherwise, with flattery, deception, and coaxing, they’ll get you to board and bind their invitation code. Then you’ll be the fish on the table, and he’ll be the knife. By the time it’s done, you’ll be slaughtered thoroughly.

If you don’t understand the rules, the first step is to read the announcements. If something is unclear, ask official customer service or staff. Be responsible for your own money.

Old users who registered without using anyone’s invitation code can rebind with 点击黄色字体补绑. If you have questions, you can join the chat room or add me as a Binance friend.

$BANK Is anyone else as clueless as me?

I only found out last night that this coin isn’t the meme coin $BONK .

Because recently BONK proposals have kept draining the pool, I was wondering why it kept getting sold and propping the market up at the same time.

I only realized last night that it’s not the same coin. A friend of mine who quit the scene a year ago coming back today must be confused too, right?