Today, this BTC big bullish candle surged up 11 points and even broke above 72,000. The market is lively. But when I watched the chart closely today, the biggest realization wasn’t how much profit I made—it was how important the cash I actually have on hand is suddenly. My main BTC holdings have always been parked in TermMax to earn fixed yield. When I need money, I can simply use it as collateral to borrow USDC, and the coins don’t move. In a single day like today, the benefits of this setup show up completely.
First, the most exciting part. During the rally today, there was a sudden sharp pullback in the middle—like a quick dip that stuck a wick. My long positions’ contract margin was turning red. In the past, if I didn’t have spare U, I could only stand there and wait for liquidation. This time, it’s different: within a few minutes, the protocol borrowed a sum of U to top up the margin. When the wick got pulled back, my position was still fine. I paid a bit of interest and effectively redeemed the position that was almost about to blow up.
Next, the bargain-buy opportunity. Today wasn’t a broad-based rally. A few of the coins I was watching were actually drained by the dominance of the big pie and fell out of their positions. People who were fully loaded could only watch and feel anxious, while I had borrowed U on hand, so I took the opportunity to pick up a bit along the way. If you don’t cut the loss, you can grab cheap entries—opportunities like this used to belong to others.
There’s also a use I’m not afraid to say, even if it sounds a bit silly. In the afternoon, I happened to need to pay a car insurance bill—just a few thousand. In the past, I would have had to sell some coins to come up with the money. But selling coins during this kind of行情 is no different from cutting off your own flesh. In the end, I borrowed a bit first to pay, and I’ll repay it in a couple of days once I’m settled.
But borrowed money is still borrowed money. Topping up margin can be a double-edged sword: if you get it right, it can save you; if you get it wrong, it keeps pumping funds into a position that’s losing money. I’ve seen people get deeper and deeper with margin calls, and in the end they even ended up having to cover the borrowed U too. Interest is calculated by the day as well—every extra day the money sits in your hands costs you more. Don’t borrow randomly unless you have a clear purpose.
And the most important point: when you borrow money to do something, the coins you’ve pledged in the protocol are also exposed to risk. You have to monitor both sides.
My own rule is simple: every time borrowed funds move, there must be a reason you absolutely can’t do without.
This bullish candle today—are you just watching, or are the coins in your wallet also working?
#termmax @TermMax
First, the most exciting part. During the rally today, there was a sudden sharp pullback in the middle—like a quick dip that stuck a wick. My long positions’ contract margin was turning red. In the past, if I didn’t have spare U, I could only stand there and wait for liquidation. This time, it’s different: within a few minutes, the protocol borrowed a sum of U to top up the margin. When the wick got pulled back, my position was still fine. I paid a bit of interest and effectively redeemed the position that was almost about to blow up.
Next, the bargain-buy opportunity. Today wasn’t a broad-based rally. A few of the coins I was watching were actually drained by the dominance of the big pie and fell out of their positions. People who were fully loaded could only watch and feel anxious, while I had borrowed U on hand, so I took the opportunity to pick up a bit along the way. If you don’t cut the loss, you can grab cheap entries—opportunities like this used to belong to others.
There’s also a use I’m not afraid to say, even if it sounds a bit silly. In the afternoon, I happened to need to pay a car insurance bill—just a few thousand. In the past, I would have had to sell some coins to come up with the money. But selling coins during this kind of行情 is no different from cutting off your own flesh. In the end, I borrowed a bit first to pay, and I’ll repay it in a couple of days once I’m settled.
But borrowed money is still borrowed money. Topping up margin can be a double-edged sword: if you get it right, it can save you; if you get it wrong, it keeps pumping funds into a position that’s losing money. I’ve seen people get deeper and deeper with margin calls, and in the end they even ended up having to cover the borrowed U too. Interest is calculated by the day as well—every extra day the money sits in your hands costs you more. Don’t borrow randomly unless you have a clear purpose.
And the most important point: when you borrow money to do something, the coins you’ve pledged in the protocol are also exposed to risk. You have to monitor both sides.
My own rule is simple: every time borrowed funds move, there must be a reason you absolutely can’t do without.
This bullish candle today—are you just watching, or are the coins in your wallet also working?
#termmax @TermMax