岿然的交易日记

In the blockchain world, generic networks are emerging one after another, but truly designed underlying protocols for high-frequency and complex financial scenarios are rare. Since its inception in 2018, Injective has been precisely positioned for this - it not only creates 'programmable money' but also aims to become a programmable global financial market.
🚀 Technical advantages: Born for financial trading
Sub-second final confirmation: Say goodbye to long waits, providing a trading experience close to traditional exchanges, laying a solid foundation for arbitrage, high-frequency strategies, and other scenarios.
Extremely low transaction fees: On-chain trading costs are nearly zero, making micro-payments, social finance, and other innovative applications possible.

Among many blockchains, Injective has had a clear goal since its inception in 2018: to reshape global financial infrastructure. It is not just another general-purpose chain, but a high-performance network deeply optimized for financial scenarios like trading, derivatives, and foreign exchange. So, how does it achieve 'born for finance'?
⚡ Core Advantages: Speed, Cost, and Interoperability
Sub-second finality: Compared to Ethereum's lengthy confirmation times, Injective achieves nearly instantaneous trade finality, which is crucial for high-frequency trading, arbitrage, and other scenarios.
Extremely low fees: Users do not have to worry about high Gas fees; on-chain transaction costs are negligible, making small financial applications possible.

#usdd以稳见信 @USDD - Decentralized USD
在加密市场波动常态化的今天，稳定币的“稳”从何而来？USDD给出了一个值得关注的答案：基于区块链的透明过度抵押设计。
与传统算法稳定币依赖市场信心不同，USDD采用多链资产（如TRX、BTC、TRC20-USDT）作为抵押物，抵押率长期保持在130%以上。这意味着每发行1 USDD，背后至少有价值1.3美元的资产支撑。即使市场极端波动，抵押物缓冲空间也能有效抵御清算风险。
更巧妙的是其套利机制：当USDD价格低于1美元时，用户可销毁USDD换取价值1美元的抵押资产，推动价格回升；当高于1美元时，系统则鼓励铸造新USDD以增加供给。这种双向调节犹如“自动稳压器”，使USDD始终锚定美元价值。
目前，USDD已融入借贷、支付、DeFi等多个场景（如JustLend、Sun.io），成为波场生态中不可或缺的稳定基础设施。随着跨链扩展，其“稳”的能力正惠及更广泛用户。
数据佐证：截至12月，USDD抵押资产总值超14亿美元，抵押率持续高于130%，链上可查（数据来源：USDD官网）。

Last night, BTC surged rapidly, breaking through the $90,000 range all the way to a high of $94,555. Many are asking: what exactly happened? Simply put, interest rate cut expectations dominated the scene, and this wave of market movement is well-founded.
The following are the four key reasons behind it:
1️⃣ Interest rate cut expectations have fermented in advance
The Federal Reserve will announce its interest rate decision early Thursday morning, and the market generally expects a rate cut to be imminent. Although BTC had previously pulled back to the $80,000 range, as the rate cut approaches, funds have begun to position themselves in advance, ‘sprinting’ ahead of expectations. Like pre-holiday purchasing, institutions are entering the market early, pushing prices to reflect the good news ahead of time.

In the past, I had a friend who suffered losses, thinking 'if it drops a lot, it should be a good time to buy the dip', but ended up buying halfway down. Later he learned to look at three solid data points, successfully buying at the true bottom.
To judge the authenticity of the rebound, just look for these three signals ⚠️⚠️⚠️
This is all public data, and can be checked on some data websites (like CryptoQuant, Glassnode).
1. Is the coin being moved away from the exchange?
* True rebound: Large holders and institutions believe it will rise, and will withdraw coins from exchanges (net outflow), storing them in their own wallets, preparing to sell them at a higher price later.

On December 2, Bitcoin briefly fell below $84,000, with a 24-hour drop exceeding 8%. The total cryptocurrency market capitalization fell below $3 trillion, and over the past 24 hours, over $974 million was liquidated across the network, including $851 million in long positions, affecting over 260,000 people. In fact, when the large bearish candle dropped yesterday, I was also obviously stunned, but what followed was calmness, and I quickly looked for various news sources to analyze the reasons behind this plunge.
After my summary, I believe there are three main reasons for the recent cryptocurrency market crash: first, the Bank of Japan hinted at interest rate hikes, leading to heightened expectations of global liquidity tightening, impacting Bitcoin and other risk assets; second, the market is concerned that publicly traded companies holding large amounts of Bitcoin, such as Strategy, may be forced to sell assets due to falling stock and coin prices; third, investors generally chose to reduce risk and decrease their positions ahead of the Federal Reserve's policy meeting. These factors collectively triggered large-scale leveraged liquidations and price declines.