@ericonomic@tansanDOTeth Just some color on this they basically draining the old expensive(1$ fee) bridge and filling up the new cheaper (0.2$ fee) with USDC. Could be an agreement between either Circle or HL to decontinue the old bridge at some point.
@Negentropic_ I don’t think we are in a liquidation driven phase right now in both directions. It’s pure „get the f….k out of here as fast as possible“. ETFs dumping record amts sth completely capitulating. This thing will bottom out when the immense selling stops. Perps take the back seat
@maxboonen@HyperliquidX yeah same thought. quick back of napkin math why perp usualy trades about 150-180$ below frontend NQ no matter what funding is. a) USD interest 4.15% / Futurepx x days till expr. ~55d b) dividends which are accounted for on the future but not on the perp
@maxboonen Well what I experienced so far is either 1.) signing a msg with the key or 2.) providing a pic of your ID next to the trx. That's a requirement in certain juristictions. 😒
@swissblock__@Negentropic_@HenrikZeberg@PWebborn Agree, but in your opinion how much has the lower volume to do with just the classic "I'll be on my yacht in the greek sea over the next 2 months so don't call me or open any lavish positions" from the big money guys?
@MacnBTC Hear me out! We replace ALL perp pairs with CHFT (Tether) and everyone holds CHFT from now on. Win-win! Funding yields in CHF and USDT holders get an additional 5-10% FX yield every year. GENIUS
@Negentropic_@swissblock__@HenrikZeberg yeah or at least you could say EXITING the low risk regime to the upside is a good signal on the very short timeframe