$JCT plunged 20.7% in a day, with trading volume still at 675 million U, while open interest fell by 27%—clearly, longs are exiting. The retail long/short ratio is 0.81, leaning bearish, while large traders are still somewhat bullish at 1.54. The two sides are clearly moving in opposite directions.
Meanwhile, $INIT rose 76%, open interest more than tripled, and the funding rate is -0.84%. Shorts are getting skinned every funding interval. How many more rounds can this rate hold up? #JCT #INIT
$PIEVERSE It's up 29% in 24 hours, open interest has also increased by 56%, and trading volume is 230 million U. The strangest thing is that the retail long/short ratio is only 0.54, meaning there are almost twice as many shorts as longs, yet the funding rate is positive at 0.02%, which means longs are still paying. Everyone is shorting it, but the price is still going up. I wouldn't dare chase this kind of market. Is anyone here short? #PIEVERSE
$INIT surged 46% today, with open interest up 94% in just over a day, yet open interest is only 10 million U while trading volume is 290 million U—nearly 30 times the open interest. The funding rate is -0.91%, meaning shorts are paying longs every funding period. The retail long/short ratio is 0.82, so there are actually more shorts than longs. With price surging while shorts pile in, is the market waiting for a short squeeze, or has someone already taken the opportunity to sell off?\n#INIT
$INIT surged 56.76% in a day, while open interest rose another 127%. Open interest is only 12 million U now, with a trading volume of 230 million U—nearly 20x turnover. The craziest part is the -1.07% funding rate: shorts are paying longs every funding period. The retail long/short ratio is 0.72, meaning there are more shorts than longs. With a market that's surging while being heavily shorted, is it waiting for a short squeeze, or has someone already started distributing? #INIT
$ETH fell 6.59% in a day, and open interest dropped 8.5%. You’d think the bulls would be running for the exits, but retail long/short ratio is still at 3.88, while the big players are only at 1.89. Retail traders keep buying the dip as prices fall, while the big players are pulling out. That kind of divergence doesn’t look reassuring. $XRP is the same story: open interest fell 10.5% in a day, and the retail long/short ratio is 2.77. $BTC is holding up a bit better, though: open interest is down just 0.9%, and the 0.01% funding rate is perfectly normal. What I really want to know now is when the big players will come back. How long can retail keep catching the falling knife? #ETH #Futures
$JCT 24h is still up +230%, with a trading volume of 2.17 billion U, yet open interest is only 41 million U. The funding rate is 0.167%, so longs are paying quite a bit every 8 hours. The retail long/short ratio is 0.61, meaning there are actually more shorts. Who’s stubbornly holding on? Meanwhile, $ETH is down 4.7% and $XRP is down 5.9%. The broader market is falling while it’s soaring—would you dare touch it?
$ETH dropped 4.37% in a day, while $BTC was down just 1.4%. But the strangest thing across the whole market is $HOT : up 18%, yet somehow the funding rate is -0.33%. Shorts are paying out of pocket every funding period, and open interest is up 32%. I can't figure out who's stubbornly shorting in a situation like this. Would you take this negative funding rate? #Futures
$BTC is only down 0.7% today, while $ETH is down 4%. Yet the one with a trading volume of 1.9 billion U is surprisingly $JCT , up 253% in 24 hours, with open interest more than tripling to 48 million U. The funding rate is 0.2%, so longs are paying every period, while the retail long/short ratio is 0.46, meaning there are more shorts. Would you chase a coin like this or just stay away? #Futures
Taking another look tonight: $JCT is still up +268% for the day, with 980 million U in trading volume. Open interest has risen 435% from this morning to now, and the funding rate is 0.35%, so longs are paying quite a bit each period. Meanwhile, $HOT is up 20%, but its funding rate is -0.67%; $CYBER has a funding rate of -0.70%. Shorts are paying out of pocket, and these usually come with big swings. I’m just looking at the data—I wouldn’t dare touch it. Just browsing, not financial advice. #Futures
I just checked the contract data and $JCT gave me a shock: it’s up 389% in 24 hours, with open interest jumping from over 10 million U to 47 million U—more than quadrupling. The funding rate is a whopping 0.50%, so longs have to pay that much at every settlement. Honestly, that seems a bit ridiculous. But the retail long/short ratio is only 0.51, with twice as many accounts opening shorts as longs. Are they really going all-in against the trend?
$BMT is the exact opposite: it’s up 15%, but the funding rate is -0.93%, so shorts are bleeding. I wouldn’t dare touch a market like this; I’ll just watch from the sidelines.
Binance Wallet sUSDD can achieve Circular Lending with 45% APY
Today I saw a tweet from the official USDD account, stating that the lending market for sUSDD/USDT has launched on Morpho. My first reaction was, isn't that invincible? Because this means that circular lending is possible.
Because depositing USDD into the official protocol yields sUSDD, and sUSDD does not need to be kept in a wallet to earn interest, it means that sUSDD can be deposited again to borrow USDT on Morpho, and USDT can again be exchanged for USDD at a 1:1 ratio without any loss, obtaining sUSDD again and again, compounding interest. This is circular lending.
Quickly, I went to check, and the current interest rate for depositing USDD in the Binance wallet activity is 10.4%. This includes an 8% fixed interest rate and a 2.4% reward interest rate, which is quite substantial.
Solv Protocol is an on-chain DEFI ecosystem that, in addition to supporting Bitcoin staking, also has innovative financial NFTs and innovative features that allow users to create digital bonds.
SOLV PROTOCOL
About my understanding
I actually think that Solv Protocol is a brand new DEFI solution. In addition to amplifying Bitcoin liquidity and availability, it also promotes on-chain liquidity. Financial NFTs represent investment shares, bonds, or other financial instruments in the form of vNFTs, which enhances asset liquidity and trading flexibility. The financial instruments provided include user-creatable digital bonds and token locking tools, which greatly promote the development of on-chain liquidity and finance.
Solv Protocol is an on-chain DEFI ecosystem that, in addition to supporting Bitcoin staking, also has innovative financial NFTs and innovative features that allow users to create digital bonds.
SOLV PROTOCOL
About my understanding
I actually think that Solv Protocol is a brand new DEFI solution. In addition to amplifying Bitcoin liquidity and availability, it also promotes on-chain liquidity. Financial NFTs represent investment shares, bonds, or other financial instruments in the form of vNFTs, which enhances asset liquidity and trading flexibility. The financial instruments provided include user-creatable digital bonds and token locking tools, which greatly promote the development of on-chain liquidity and finance.
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