@ItzBermuda
@BitcoinNewsCom
@PlebSignalBTC
Because price change is based on liquidity, what you should be looking at calculating is -15% depth which actually is not equal to 1.2 * 0.85
@DragonAceReaper
@MidnightMitch
Not sure that’s why he did what he did, but even if you don’t agree with him I think what he did was insanely brave and should be respected
@GhostofWhitman
@dallasirushing
i’m not supporting anything i’m saying there lies a spread between interest rates for USDC and USDbC for market participants to take advantage of
@GhostofWhitman
@dallasirushing
that is true but i’m not sure why that’s relevant, lending rates vary according to demand for money ofc they would be arbitrary and mutable
@swildrx
@DragonAceReaper
@MidnightMitch
insightful reply, what he did was objectively brave in every definition of brave, he sacrificed something valuable to him for a greater cause, im not saying it did much but it was brave regardless
@GhostofWhitman
@dallasirushing
tf r u on about, if people are borrowing more then rates go up, there aren’t infinte lenders you know, just concede that you don’t know as much as you think you do
@dallasirushing
@GhostofWhitman
well actually USDC has like a 8% supply rate and a 13 % borrow rate and USDbC has something like a 18% supply rate and a 23% borrow rate, numbers vary. You can actually arbitrage for 3-6% a year
Funding Arbitrage:
> Open a 1x Short
> Buy spot with the equal size
> Losses from short will be offset by spot buy and vice versa
> Enjoy 0.1% 3 times a day for a week or so
#btc
Decided to already sell 10% of my spot here at 48.7k.
Still see something like this as a possible scenario + we swept weekly key liquidity and got rejected pretty hard.
For the other 30% nothing changes, that's for 52k+
Let's get it!
Scalp idea didn't work but I opened a short after break of support, expecting further downside in the coming week/ weeks. General idea remains the same
@not__theo
for anyone interested the coins are , $ICP, $CYBRIA, $AXGT, $LCX, Though my entries are much lower than current prices. Actually all his shills have 5x-10x since he’s called them