I reckon its funds unlocking their ETH
to put into likes of BMNR and SBET, then selling to equity when unlocked for a quick 2-3x return due to premiums over NAV
there’s 350,000 eth queued up to unstake
about $1.3 billion dollars
last time that much eth was being unstaked it was in january 2024 following a 25% rally in eth/btc in a single week
went down only from there
When using defi lending, what's more importan out of the following to you?
higher LTV/liqudation threshold for your collateral (so say 70% vs 80% against your btc/eth collateral)
Lower borrow rates (so say 6% APR vs 9%)
fixed borrow rates, but higher (so say 10-12%)
Morgan Hounsel’s book Psychology of Money is the best modern book on personal finance
Came across this just now.
Most people in crypto would benefit from listening, he’s excellent at explaining things and using historical events and anecdotes
It’s gone from denominate your portfolio in sol (Q4 23 to end of 24) to denominate in BTC (H1 25), to denominate in ETH.
If your token looks shit on ETH pair, ask yourself if you’d be better off just holding ETH a while longer (ATH?) before rotating.