2026发发发发

The rhythm of capital inflows and outflows is sometimes even more worth paying attention to than the direction: the faster it comes in, the faster it often leaves.
$US this move: 15 minutes -4.68%, 24h -15.08%. Is it in your position?

Just a market record; please make your own decision on any action.

Honestly, I have a little habit: when I’m slacking off, I browse Baidu’s trending topics to see if anything is connected to crypto.
There’s one right now: “Airline giant’s CEO denies falling out with Musk.” $DOGE is linked to Musk and is currently priced at 0.08619.
Trends come and go quickly, so treat them as clues, not as a basis for trading. Which do you trust more: buzz or trading volume?

Just my personal opinion—please think critically.

【Trending Update】Top trending topic: Are there not enough mathematicians in the age of AI?
Related asset: $WLD (AI concept) | 24h +12.28%
Treat the topic as a clue; when to buy or sell is still up to your own strategy. Share your thoughts in the comments 👇

#WLD

How you choose to act is up to you—I'm just sharing.

The hottest topic on the plaza right now: “NEAR accounts support quantum-resistant ML-DSA signatures.”
$NEAR is currently trading at 4.998. Sentiment on the plaza shifts quickly—keep a clear head. What signals are you waiting for before making a move?

#NEAR

Data is based on public information. Please verify it yourself.

$ORCA ｜5 minutes +2.58%｜2.348
Such a big rise in such a short time—those who got in early may take profits at any moment. It’s best to work out your stop-loss before getting in.

#ORCA

This is compiled from publicly available information. Please refer to the original text.

$CTSI Shorts are paying longs every funding period: funding rate -0.12%, annualized at about 132%, 24h +1.28%.
Which side are you on—long or short?

#CTSI

Don’t treat this as a buy or sell signal.

“Chongqing Wolves defeat Nantong Hero Jiujing KPL” is trending 🚨 $SAND (blockchain gaming) is down 6.26% over 24h—will it ride this wave of momentum? Share your thoughts below 👇

For reference only; not investment advice.

Trading volume is the least likely to lie. You can tell whether a news story carries weight by looking at the volume.
Take this story, for example: A British man involved in a SIM-swap scam was sentenced to two and a half years in prison, accused of stealing $265,000 worth of cryptocurrency.
Whether more media outlets follow up will be key to judging how significant it is.
$BTC , 24h -0.44%.

#Bitcoin falls below $81,000 #BTC

This is not a recommendation. You make your own trading decisions.

Comedy writer watches the news time: Binance Alpha will remove 14 tokens including SUP, CUDIS, and PYTHIA.
In order to understand this message, I looked up several terms. By the time I finished checking, the market had already moved. It’s mildly bearish; right now confidence can easily be shaken, and the key is whether selling pressure will continue.
$SUP

The crypto market carries risks, so enter cautiously.

The candlestick body matters more than the wick: a steady close shows the direction is genuine.
For example: $Q 5 minutes rose 7.08% to 0.02901. The price range is quite wide, so keep leverage in check.

#Q

These views are for discussion only. You are responsible for your own gains and losses.

刚刷到一条消息：花旗预测美联储「鸽派意外」正在酝酿：核心通胀接近2%是关键，顺手看了一眼 $BTC 。
对币圈而言，宏观比较明显的影响在于流动性松还是紧。负面的变化，日内别顶着情绪硬扛。

个人笔记，不等于操作建议。

Brothers, $ETH has new developments🔥
👉 The Ethereum Glamansterdam upgrade has been activated on the testnet; the block Gas limit has been raised to around 200 million
Routine updates—at least it shows the team is still working!
Any brothers who understand, feel free to chat?

#Ethereum spot ETF saw a net outflow of $161 million in a single day #ETH

Personal notes—make your own decisions about your own actions.

“New York Fed: Trump tariffs drive up commodity prices” is trending.
I was halfway through scrolling the trending topic when my finger automatically switched to the candlestick chart—guess that’s a common occupational habit among people in crypto.
$TRUMP 24h -2.82%, have you been more aggressive or more conservative with your recent trades?

Market conditions change fast, don’t rush to a conclusion.

As an old stock-market regular, right now $JCT sees a sudden volume surge within about an hour—trading volume is 14.9 times the usual, and the price is up 14.83%.
My habit is not to look at the first candle, but at the next K-line after the volume surge: if it holds, that’s the real direction; if it can’t hold, it’s likely just a pulse.
How do you usually handle it when there’s a volume spike?

The above is for information sharing only and does not constitute investment advice.

Friends who often write things in the plaza can take a look at the $CASH creation rewards distributed via BNCB. Now there is an activity that gives rewards for submitting when the result is bigger than 4. The process involves three steps: apply to verify an account, submit content, and submit to claim—no need to connect your wallet throughout. If you’re planning to participate, read through all the requirements first, then submit your own post.

$CASH
0x324F74a4fd5D25186C74FAe255a5750B6A807777

Come and join in!

Why all of a sudden are so many people writing TermMax these past two days?

In the past two days, you can almost find TermMax everywhere on the Binance Square.

The reason is actually quite straightforward: Booster is here.

Once the leaderboard, Top 500, and verification time are put on display, a large number of people who hadn’t even researched TermMax suddenly jump in.

This ongoing event requires that the Chinese leaderboard ranks within Top 500 at the snapshot, and that participants complete the Booster verification within the specified window.

But I think the really interesting part of this campaign isn’t just the rewards.

It’s essentially a sudden “attention pressure test” for TermMax.

Once more than 30,000 people start researching a single project at the same time, you can’t possibly capture them with just the five words “fixed-rate borrowing and lending.”

Users will keep asking:

What can the product do right now?

What’s different between V2 and the previous version?

Why should I use fixed-rate, instead of continuing with the familiar floating-rate borrowing?

In TermMax’s current app, beyond lending/borrowing, you can already see different entry points like Alpha, Vault, limit orders, and multi-chain markets.

Booster can bring people to the doorstep.

But after the event ends, how many people are still willing to keep opening TermMax—that number is what I find more interesting.

Traffic can be bought, but retention depends on the product.

@TermMax #TermMax

Lock the borrowing interest rate—does that really mean the books are nailed down?

Before, I had a very simple understanding of TermMax: once the borrowing rate is locked, the costs are fixed, and the strategy is naturally easier to calculate.

Later, when I read the FAQ, I found that this understanding was only half correct.

TermMax can indeed fix the interest rate on the borrowing side, but the assets you use as collateral—their returns aren’t necessarily fixed.

The official example is very straightforward: if the collateral is a fixed-income asset like PT, then the yield associated with GT is relatively certain; but if the collateral is a floating-yield asset, then how much you ultimately earn will still track market changes.

For example, my borrowing cost is locked at 6%.

The collateral asset is currently able to generate a 10% return. It looks like there’s a 4% gap in the middle, so the books are easy to calculate.

The problem is: the 6% is locked in, but the 10% isn’t.

After some time, if the collateral asset’s yield drops to 7%, the space left is only 1%. If it then drops again to 5%, the borrowing cost is still that same locked borrowing cost, and the original interest-rate spread simply disappears.

That’s also the pretty obvious change I’ve noticed in TermMax recently:

Before, when I saw “Fixed Rate,” I would instinctively interpret it as “this strategy won’t change later.”

Now I break it apart and look at it differently.

Having a fixed financing cost is one thing; how much you can earn by using that financing is another.

What TermMax helps users eliminate is one variable—not all market risk at the same time.

In fact, because the borrowing side is already fixed, I think the other end is what’s more worth watching.

Otherwise, it’s easy to end up in a situation like this:

The interest rate really hasn’t changed, but the money you end up making is completely different from what you calculated at the start.

So the next time I see a TermMax strategy that looks like it has a good spread, my first reaction won’t be to only look at the Borrow APR.

I’ll also ask one more thing:

The portion I’m using to earn yield— is that also fixed, or is it a different number today and another number next month?

That distinction matters a lot.

@TermMax #TermMax

While reviewing TermMax data today, I didn’t check TVL first—I looked at how much it had actually made.

Right now, Active Loans are around $27.28 million, and that scale is already not small.

But what’s interesting is that the revenue from the last 24 hours is only $28.84.

When I saw that number, my first reaction was: with so many loans, how is it only a few dozen dollars a day?

Then I went back and looked further—income over the past 30 days is about $19.9k; this year Q1 is about $58.7k, and Q2 is about $37.7k.

With that, it becomes much clearer: TermMax’s revenue isn’t generated evenly every day, and you can’t jump to conclusions based on a single day.

Still, this data changed a habit for me.

Previously, when I looked at lending/borrowing projects, I always assumed the higher the TVL, the better.

Now I’d rather look at several things together:

how much money gets deposited,
how much money actually gets borrowed out,
and finally how much income the protocol itself keeps.

These three things are really not the same.

A lot of money in the pool only proves that someone is willing to put it in.

A high Active Loans figure means people are truly using it.

As for Revenue, what matters is whether that usage ultimately turns into business for the protocol itself.

So if TermMax’s TVL rises later on, I probably won’t get excited right away.

I’ll first check whether loans and income move together.

If these two numbers can’t keep up, then a nice-looking TVL by itself doesn’t seem that meaningful.

@TermMax #TermMax

The first time I felt that, “even borrowing money should be something you can place limit orders for.”

With DeFi lending and borrowing before, I’d gotten used to one thing: the protocol offers a certain interest rate, and I decide whether to borrow or not.

But when you think about it carefully, that’s actually rather strange.

If I want to buy BTC, I can place an order at the price I’m willing to accept.

If I want to sell ETH, I can also wait until the market reaches my price.

So why, when it comes to the “price of money itself”—that is, the interest rate—are users the ones who can only accept the current quote?

TermMax V2’s Limit Order is a design I find especially interesting.

Lenders can say:

“If the return is below this threshold, I won’t lend my money.”

Borrowers can also say:

“If the financing cost exceeds this number, I’d rather wait.”

At that point, the interest rate is no longer just an APY that fluctuates on the protocol page.

It starts to become a price that both sides negotiate—something that can be bought and sold.

This is particularly interesting for large capital.

A few hundred dollars may trade instantly with no big deal, but once positions get bigger, if you try to get filled immediately by consuming market depth, you may end up making your effective interest rate worse and worse.

Better to just post your own price there and let the other side come to you.

I believe that a mature on-chain interest rate market should ultimately work like this.

Not where the protocol tells everyone, “How much money is worth today.”

But where some people are in a hurry to borrow, and others aren’t; some are willing to accept 5%, while others insist on 7%.

In the end, the real interest rate is what these people trade for.

If TermMax can deepen this market, then “interest rate” will gradually move from being just a parameter to becoming a truly tradable asset price.

@TermMax #TermMax

TermMax V2 has expanded Limit Orders across all markets, allowing borrowers to set their maximum acceptable interest rate and lenders to set their minimum acceptable interest rate.