The one who’s most likely to persuade people not to “leverage and churn” usually ends up being the one who most wants to lock in more on-chain.
This EIP-8361 proposal is a bit cold: once the staking ratio hits 50%, the return rate is pushed straight down to 0. While they’re cutting incentives in words, they’re still adjusting the structure of the chips in their hands. On the other hand, over here, $BTC spot isn’t that hot—the contract-to-spot trading ratio is already at 10.6x, and the funding rate is only +0.0019%. It’s all short-term back-and-forth exchanging.
I didn’t add to my position; I only held a 2% long position of $BTC overnight. It’s not because I’m bullish on the news—when there’s a lot of “discussion” but the price action stays very flat, that’s when it’s easiest to be the first to sweep one side of the liquidation lines. If you lose money, don’t cue me. $BTC #BTC
This EIP-8361 proposal is a bit cold: once the staking ratio hits 50%, the return rate is pushed straight down to 0. While they’re cutting incentives in words, they’re still adjusting the structure of the chips in their hands. On the other hand, over here, $BTC spot isn’t that hot—the contract-to-spot trading ratio is already at 10.6x, and the funding rate is only +0.0019%. It’s all short-term back-and-forth exchanging.
I didn’t add to my position; I only held a 2% long position of $BTC overnight. It’s not because I’m bullish on the news—when there’s a lot of “discussion” but the price action stays very flat, that’s when it’s easiest to be the first to sweep one side of the liquidation lines. If you lose money, don’t cue me. $BTC #BTC