Take a look at the capital flows in the top protocols today; it’s quite subtle.
$SSV shrank by 1.46% over the past week, with funds moving away from this staking line. But on the 1-day view, $Lido increased by 0.89% in the opposite direction, and the same protocol chain also rose by 1.03%. A short-term rebound layered on top of a weekly contraction is the kind of setup textbooks describe as a bull trap; those who chase it in tend to end up holding long positions at the top.
By contrast, on the wrapped assets side, $WBTC rose by 0.70% over the week and then added another 0.74% in a day, continuing steadily upward without turning back. This line is where real capital is settling; it’s not the same crowd as those protocols showing fake 1d rebounds. The money is flowing along two separate paths.
The wrapped-assets line can add 0.70% over a week and then another 0.74% in a day, which shows real capital is settling in; only once this level holds can it be said that real money is following through. If it can’t reach this level, then the 0.8% rebound on the staking front line is just a bull trap.
#DeFi #资金流向 #protocol locked value
$SSV shrank by 1.46% over the past week, with funds moving away from this staking line. But on the 1-day view, $Lido increased by 0.89% in the opposite direction, and the same protocol chain also rose by 1.03%. A short-term rebound layered on top of a weekly contraction is the kind of setup textbooks describe as a bull trap; those who chase it in tend to end up holding long positions at the top.
By contrast, on the wrapped assets side, $WBTC rose by 0.70% over the week and then added another 0.74% in a day, continuing steadily upward without turning back. This line is where real capital is settling; it’s not the same crowd as those protocols showing fake 1d rebounds. The money is flowing along two separate paths.
The wrapped-assets line can add 0.70% over a week and then another 0.74% in a day, which shows real capital is settling in; only once this level holds can it be said that real money is following through. If it can’t reach this level, then the 0.8% rebound on the staking front line is just a bull trap.
#DeFi #资金流向 #protocol locked value