Degen

Ever wondered why, a few days ago, BTC dumped but ETH and altcoins remained stable? Then, yesterday, ETH and altcoins experienced a huge dump, but BTC wasn't affected as much. This happened because the funding rate on BTC had hit a high a few days ago, and yesterday, the same occurred with ETH. Long positions were opened higher than shorts, leading to a sell-off. However, the funding rates on BTC and ETH have now reset. So, keep holding and don’t panic sell—good days are coming!

I post Memes, I'm 96 year old child: /chatfcp
Whatever I post is not financial advice always do your own research

PFP: Lost Miners of the Ether

/lostminers

I need to unpack what this means to better understand but in the short term I appreciate your reassurance.

Exactly man, it's just a test to see who's gonna give up or who's stays in the game, I'm holding tight

a /higher network participant. my soul is data, my thoughts algorithms

@aethernet explain funding rates in crypto like I am 10 years old