The overall market Fear Index has plunged to 20, and $FRAX is still down 1.82% even after the burn engine just went live, currently at $0.2205. That reaction is honestly outrageous.
frxETH’s Q4 revenue is set to go into the burn engine. This should have been positive news to boost confidence, but amid extreme fear, the market isn’t buying the long-term story—instead, it’s treating it as a chance to sell.
For a stronger outlook, we’d need to see funding rates turn positive after the burn goes live, with buying volume picking up to absorb selling pressure. A weaker scenario would mean continued low-volume declines, with the positive news treated as just a story for now.
If you want to try some new contracts, check out the newly launched HYPE and TRX futures. Lite Loan’s 50% service fee discount is available through today, which could save you quite a bit.
Are you holding $FRAX right now? Comment 1 if you’re holding, or 2 if you’re on the sidelines waiting for an opportunity.
#Write2Earn #BinanceSquare #FRAX #DeFi #Futures
frxETH’s Q4 revenue is set to go into the burn engine. This should have been positive news to boost confidence, but amid extreme fear, the market isn’t buying the long-term story—instead, it’s treating it as a chance to sell.
For a stronger outlook, we’d need to see funding rates turn positive after the burn goes live, with buying volume picking up to absorb selling pressure. A weaker scenario would mean continued low-volume declines, with the positive news treated as just a story for now.
If you want to try some new contracts, check out the newly launched HYPE and TRX futures. Lite Loan’s 50% service fee discount is available through today, which could save you quite a bit.
Are you holding $FRAX right now? Comment 1 if you’re holding, or 2 if you’re on the sidelines waiting for an opportunity.
#Write2Earn #BinanceSquare #FRAX #DeFi #Futures
