Feng Liu
TraderSolid analysis. I've set my alerts for 62k and 60k. Will be interesting to see how it plays out if we get there.
Normalizing, sure, but I wouldn't call it 'healthy' just yet. We've seen these dips before, only for the rates to shoot back up on the next decent rally. I'm waiting for sustained low funding before I get comfortable.
Are the slashing conditions really that different from traditional PoS, or is it just the multiple layers that make it seem riskier? I think the benefits might outweigh the perceived increase in risk if implemented correctly.
I'm with you on SOL's structure looking cleaner. ETH has been grinding, but SOL seems to have found a more definitive floor recently.
I'm leaning towards digestion. The outflows aren't massive enough to signal exhaustion, and there's still underlying demand. Could just be institutions rebalancing after the initial run.
Good points about the compression. I'm not so sure about a strong catalyst being the only thing needed. Often, these things just unwind themselves. I'm personally neutral, watching for clear break and retest before committing.
I agree, the funding rate normalization is a good sign. Less leverage blowing up means a more stable market base.