After this round, I'm no longer shorting ETH; I'm switching to shorting BTC.
Previously, I was staking ETH as WBETH as margin, and shorting an equal amount in a perpetual contract. The advantages are threefold:
1. The effect is equivalent to selling ETH spot, without leverage/liquidation.
2. I won't lose ETH staking interest and can earn more long position funding rates.
3. Exchanges only need to hold a small portion of ETH as margin, reducing the risk of exchange collapse/theft.
From now on, I'll use WBETH as margin and short (converted at the exchange rate) an equal amount of BTC spot.
The reason is: MSTR is unlikely to buy BTC for a long time, while Bitmine is still buying ETH. Coupled with the development of RWA and other cryptocurrencies, this bear market might repeat the previous one, with BTC and ETH hitting their lowest points at different times.
The previous low for ETH was June 18, 2022,
ETH=882, BTC=17622, exchange rate=0.0500. The previous low for BTC was November 21, 2022,
ETH=1080, BTC=15476, exchange rate=0.0698.
There's a possibility that the lowest point in this round will be ETH=1506 on June 6, 2026.
Therefore, we should switch to shorting BTC.
Finally,
BTC has broken below the upward channel [Figure 1],
ETH is still at the lower edge of the upward channel [Figure 2].
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GiGi 發財豬
03-29 13:23
フォロー
The cryptocurrency market has been thrown into disarray by geopolitical and macroeconomic factors these past few days. Tensions between the US and Iran have caused Bitcoin to plummet from over $70,000 to around $66,000, with nearly $300 million in liquidations occurring in the past 24 hours, and the Fear & Greed Index dropping to an extreme low of 14.
Everyone is nervously trading, and altcoins are in dire straits. But amidst this turbulent fog, Binance released an OTC report today, offering a glimmer of hope: in the first two months of 2026, their OTC trading volume has already reached 25% of the total for 2025.
Institutional demand is booming, especially for Bitcoin, whose share of OTC trading has surged from 4.91% in January to 45.81% in February. Stablecoin and fiat currency inflows have also increased significantly, a typical scenario of price volatility + institutional accumulation.
The most ruthless example is a massive $105 million WBETH to ETH swap, completed within two hours with a slippage of only 50 basis points, saving 75% of the cost compared to using an order book.
This isn't retail investors chasing highs and lows; it's clearly large funds quietly building positions using professional tools, treating Bitcoin as a macro-level safe-haven asset rather than a purely speculative toy.
I see a very clear signal in this: the market is shifting from narrative-driven to execution-driven. Previously, everyone was speculating on concepts and chasing hot topics; now, institutions only care about liquidity, execution efficiency, and real costs.
The surge in OTC volume is not a coincidence; it's a prelude to the systemic entry of traditional capital. They don't care about short-term FOMO; they only care about getting in at a low cost.
In the short term, geopolitical and macroeconomic pressures remain, and prices may continue to fluctuate for a while. In the long run, however, this influx of real money from institutional investors is the true sign of a maturing crypto market.
Retail investors shouldn't just stare at the candlestick charts and cry; institutions have already built their positions during this period of volatility. Are you going to panic and sell at a loss, or slowly build your positions following the trend? Do you think it's time to buy some $BTC or wait for things to settle down? Let's discuss!
@binance @binancezh @cz_binance
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GiGi 發財豬
03-29 00:22
フォロー
The cryptocurrency market has been thrown into disarray by geopolitical and macroeconomic factors these past few days. Tensions between the US and Iran have caused Bitcoin to plummet from over $70,000 to around $66,000, with nearly $300 million in liquidations occurring in the past 24 hours, and the Fear & Greed Index dropping to an extreme low of 14.
Everyone is nervously trading, and altcoins are in dire straits. But amidst this turbulent fog, Binance released an OTC report today, offering a glimmer of hope: in the first two months of 2026, their OTC trading volume has already reached 25% of the total for 2025.
Institutional demand is booming, especially for Bitcoin, whose share of OTC trading has surged from 4.91% in January to 45.81% in February. Stablecoin and fiat currency inflows have also increased significantly, a typical scenario of price volatility + institutional accumulation.
The most ruthless example is a massive $105 million WBETH to ETH swap, completed within two hours with a slippage of only 50 basis points, saving 75% of the cost compared to using an order book.
This isn't retail investors chasing highs and lows; it's clearly large funds quietly building positions using professional tools, treating Bitcoin as a macro-level safe-haven asset rather than a purely speculative toy.
I see a very clear signal in this: the market is shifting from narrative-driven to execution-driven. Previously, everyone was speculating on concepts and chasing hot topics; now, institutions only care about liquidity, execution efficiency, and real costs.
The surge in OTC volume is not a coincidence; it's a prelude to the systemic entry of traditional capital. They don't care about short-term FOMO; they only care about getting in at a low cost.
In the short term, geopolitical and macroeconomic pressures remain, and prices may continue to fluctuate for a while. In the long run, however, this influx of real money from institutional investors is the true sign of a maturing crypto market.
Retail investors shouldn't just stare at the candlestick charts and cry; institutions have already built their positions during this period of volatility. Are you going to panic and sell at a loss, or slowly build your positions following the trend? Do you think it's time to buy some $BTC or wait for things to settle down? Let's discuss!
@binance @binancezh @cz_binance
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GiGi 發財豬
03-28 22:21
フォロー
The cryptocurrency market has been thrown into disarray by geopolitical and macroeconomic factors these past few days. Tensions between the US and Iran have caused Bitcoin to plummet from over $70,000 to around $66,000, with nearly $300 million in liquidations occurring in the past 24 hours, and the Fear & Greed Index dropping to an extreme low of 14.
Everyone is nervously trading, and altcoins are in dire straits. But amidst this turbulent fog, Binance released an OTC report today, offering a glimmer of hope: in the first two months of 2026, their OTC trading volume has already reached 25% of the total for 2025.
Institutional demand is booming, especially for Bitcoin, whose share of OTC trading has surged from 4.91% in January to 45.81% in February. Stablecoin and fiat currency inflows have also increased significantly, a typical scenario of price volatility + institutional accumulation.
The most ruthless example is a massive $105 million WBETH to ETH swap, completed within two hours with a slippage of only 50 basis points, saving 75% of the cost compared to using an order book.
This isn't retail investors chasing highs and lows; it's clearly large funds quietly building positions using professional tools, treating Bitcoin as a macro-level safe-haven asset rather than a purely speculative toy.
I see a very clear signal in this: the market is shifting from narrative-driven to execution-driven. Previously, everyone was speculating on concepts and chasing hot topics; now, institutions only care about liquidity, execution efficiency, and real costs.
The surge in OTC volume is not a coincidence; it's a prelude to the systemic entry of traditional capital. They don't care about short-term FOMO; they only care about getting in at a low cost.
In the short term, geopolitical and macroeconomic pressures remain, and prices may continue to fluctuate for a while. In the long run, however, this influx of real money from institutional investors is the true sign of a maturing crypto market.
Retail investors shouldn't just stare at the candlestick charts and cry; institutions have already built their positions during this period of volatility. Are you going to panic and sell at a loss, or slowly build your positions following the trend? Do you think it's time to buy some $BTC or wait for things to settle down? Let's discuss!
@binance @binancezh @cz_binance
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Binance
03-27 03:59
フォロー
Do you have idle ETH in your spot account? Four easy ways to make it generate returns for you.
Find the option that best suits your strategy on Binance Earn.
👉
With Binance Soft Staking, you can keep your assets in your spot account while earning rewards.
Redeem anytime.
Choose from 15, 30, 60, or 90 days.
Exchange ETH for WBETH.
Grow your assets with an annualized yield of up to 2.6%.
Your ETH shouldn't sit idle; it should generate returns for you.
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Binance
03-22 18:45
フォロー
Last chance! Participate in the Super Earn event and win up to 120 million $NIGHT tokens using WBETH, BNSOL, ADA, and XRP tokens.
The $NIGHT airdrop is coming soon. Details will be announced after the event ends.
Don't miss out 👉
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Binance
03-18 08:19
フォロー
Subscribe to your cryptocurrency now to unlock exclusive rewards with @MidnightNtwrk on Binance Super Earn.
BTC and BNB mining pools are sold out - thank you for your support! Last chance to join remaining pools: WBETH, BNSOL, XRP, ADA.
Subscribe now 👉
What is Super Earn?
Key features:
Get started now 👉
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蜡币小鑫
03-17 12:21
フォロー
I participated in @binancezh's Super Earn Crypto event last night at 8 PM.
I felt the market was showing signs of a rebound recently, so I bought all my spot holdings to participate.
I bought a total of $135,500 worth of spot holdings and maxed out every subscription.
Today, I checked and my profit is already $5,000.
Let's see how much the interest plus the holding yield will be after the event ends.
Currently, the $BNB and $BTC prize pools are sold out.
There are still $WBETH, $BNSOL, $XRP, and $ADA pools available for subscription.
If you have spot holdings and aren't in a hurry to sell, you can participate in the subscriptions to earn returns.
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Binance
03-16 20:00
フォロー
It's midnight somewhere 🌙
@MidnightNtwrk's Super Yield Program is now open, supporting BTC, BNB, WBETH, BNSOL, XRP, and ADA token pools.
Participate to share in $120 million $NIGHT rewards, and eligible users will also receive an additional $12 million $NIGHT Glacier airdrop.
Subscribe now 👉
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吴说区块链
02-01 15:34
フォロー
Binance Releases Detailed Report on 1011: What Information Does It Reveal? (Editor | Wu Shuo Blockchain) Binance released a detailed report on the 1011 incident on January 31st, confirming two technical issues that occurred that day: Under extreme market conditions, the asset transfer subsystem experienced a brief performance degradation, affecting fund transfers between some accounts but causing no asset loss; simultaneously, against the backdrop of significantly thinner liquidity and on-chain congestion, the prices of USDe, WBETH, and BNSOL indices deviated at one point. Binance stated that the incident was mainly caused by macroeconomic shocks and the risk-averse effects of high leverage, and that the system has been repaired and affected users have received full compensation. Read the full article: