# Deflation Articoli collegati

Il Centro Notizie HTX fornisce gli articoli più recenti e le analisi più approfondite su "Deflation", coprendo tendenze di mercato, aggiornamenti sui progetti, sviluppi tecnologici e politiche normative nel settore crypto.

Similar Trends? Just an Illusion: Why Bitcoin Today Is Fundamentally Different from 2022

This article argues that comparing current Bitcoin price action to 2022 is a superficial and misleading analogy, as the underlying conditions are fundamentally different across three key areas. First, the macroeconomic backdrop is the complete inverse. 2022 was defined by high inflation, aggressive interest rate hikes, and tightening liquidity environment, forcing capital into risk-off mode. In contrast, the current environment features declining CPI, an impending rate-cutting cycle, and central banks re-injecting liquidity, creating a strong risk-on appetite for assets like Bitcoin. Charts are presented showing Bitcoin's negative correlation with CPI and its positive correlation with US liquidity indices. Second, the technical market structure differs significantly. The 2021-2022 period formed a bearish weekly "M-top" pattern, characteristic of a major cycle top. The recent pullback is framed as a potential "bear trap" within a larger bull market, with the $80,850-$62,000 zone acting as a major area of consolidation that offers a favorable risk-reward ratio for buyers. Third, and most crucially, the investor base has structurally changed. The 2020-2022 market was retail-driven and highly speculative. Post-2023, the approval of Bitcoin ETFs has ushered in an "era of institutionalization," creating a new class of structural, long-term holders. This has locked up supply, drastically reduced volatility from historical highs of 80-150% to a current 30-60%, and provided a stable base of underlying demand. The conclusion states that a repeat of the 2022 bear market would require a new major inflationary shock, a return to quantitative tightening by central banks, and a decisive break below $80,850. In the absence of these conditions, declaring a structural bear market is premature. The core difference is a shift from a "retail-driven, high-leverage" market to an "institution-driven, long-term holding" one.

marsbit01/20 10:10

Similar Trends? Just an Illusion: Why Bitcoin Today Is Fundamentally Different from 2022

marsbit01/20 10:10

Injective Passes Vote to Cut INJ Supply and Boost Deflation

The Injective community has overwhelmingly approved governance proposal IIP-617, passing with 99.89% support. This update significantly accelerates the network's deflationary strategy by reducing the rate of new INJ token emissions. It does not introduce a new burn mechanism but instead makes the existing token issuance more restrictive. This change works alongside the ongoing Community BuyBack program, which uses ecosystem revenue to buy and burn INJ on the open market. The proposal is the latest step in Injective's long-term plan to structurally reduce supply, building on previous upgrades like IIP-392. Despite these improved tokenomics, INJ's market performance remains volatile and heavily influenced by broader market sentiment, not just supply dynamics.

TheNewsCrypto01/20 07:50

Injective Passes Vote to Cut INJ Supply and Boost Deflation

TheNewsCrypto01/20 07:50

The Most Crowded Short in History Is Paving the Way for a Bull Market in U.S. Bonds

An experienced macro trader presents a contrarian thesis that 2026 will be the "year of the bond," with long-duration U.S. Treasuries (TLT/TMF) poised to outperform stocks. The core argument is built on several pillars: gold's 200% rally historically signals deflationary risk, not sustained inflation; the U.S. faces a crushing $1.2 trillion annual interest bill, creating a fiscal doom loop; Treasury issuance is dangerously short-term, amplifying refinancing risk; and long bond short interest is at extreme, crowded levels. Additional factors include cooling inflation, weak economic indicators, deflationary trade war risks, and the high probability of Fed intervention (QE/Yield Curve Control) to lower long-term yields if stress emerges. The trade offers asymmetric upside: TLT yields ~4.5% while waiting, and a 200bps drop in yields could trigger a 35-45%+ price surge, accelerated by a short squeeze. The author has allocated 60% of their portfolio to this thesis, betting on a policy and macro regime shift.

marsbit01/20 06:46

The Most Crowded Short in History Is Paving the Way for a Bull Market in U.S. Bonds

marsbit01/20 06:46

"Uninvestable" U.S. Treasuries Might Be the Highest-Returning Asset of 2026

Amidst a shifting macroeconomic landscape in 2026, long-term U.S. Treasuries, particularly ETFs like TLT and TMF, are positioned to outperform equities. Key arguments include: gold's 200% rise signaling deflationary risks rather than sustained inflation; unsustainable U.S. interest expenses nearing $1.2 trillion annually; heavy short-term Treasury issuance increasing refinancing risks; and extreme short interest in long bonds creating potential for a squeeze. Additionally, cooling inflation, weak consumer sentiment, and rising trade tensions suggest a deflationary shock. Policy interventions, such as yield curve control or QE, are likely if long yields threaten growth or fiscal stability. With long-duration assets offering convexity and a 4.4–4.7% yield, a 100–200 bps decline in long-term rates could drive 15–45%+ returns, making long bonds a high-upside, asymmetric bet for 2026.

marsbit01/20 02:20

"Uninvestable" U.S. Treasuries Might Be the Highest-Returning Asset of 2026

marsbit01/20 02:20

BofA's Hartnett: "New Global Order = New Global Bull Market = Gold & Silver Bull Market", Biggest Risk to Bull Market is East Asian Currency Appreciation

U.S. Bank's chief investment strategist Michael Hartnett argues that Trump’s push for global fiscal expansion is creating a "New World Order = New World Bull Market" framework. In this environment, gold and silver bull markets are expected to continue, while the greatest near-term risk is a rapid appreciation of East Asian currencies—specifically the yen, won, and Taiwan dollar—which could trigger a global liquidity crunch by reversing capital outflows from Asia. Hartnett recommends going long on international stocks and assets tied to economic recovery, with China being his top market pick due to its potential to catalyze bull markets in Japan and Europe as deflation ends. He projects gold could surge past $6,000, supported by long-term drivers like fiscal expansion and geopolitical tensions, though the metal is currently overbought. Small and mid-cap stocks are also expected to benefit from anticipated interest rate cuts, tax reductions, and tariff policies. However, Hartnett cautions that this bullish outlook depends on U.S. unemployment remaining low and Trump succeeding in reducing living costs to maintain public support. A key warning sign for market exit would be a simultaneous rise in the yen and the MOVE volatility index.

marsbit01/19 10:59

BofA's Hartnett: "New Global Order = New Global Bull Market = Gold & Silver Bull Market", Biggest Risk to Bull Market is East Asian Currency Appreciation

marsbit01/19 10:59

2025 Crypto Buyback Revelation: When a $138 Million Buy Order Can't Save an 80% Plunge

"2025 Crypto Buyback Report: A $1.38B Buyback Fails to Prevent an 80% Crash" The year 2025 witnessed an "industrial revolution" in crypto fiscal discipline, with on-chain protocols spending over $1.4 billion on token buybacks. This strategy, driven by mature DeFi business models and favorable US regulatory shifts, aimed to reshape tokenomics. However, the outcomes were starkly polarized. Hyperliquid emerged as the dominant success story, allocating over $640 million (nearly 46% of the total market) to buybacks, which fueled a 4x price surge. Its key was a high "Net Flow Efficiency Ratio" (NFER > 3.0), where buyback volume drastically exceeded token unlock sell pressure, creating net deflation. In contrast, major failures demonstrated that buyback size alone is meaningless against structural inflation. Despite a massive $138 million buyback, Pump.fun's token price crashed 80% as the mechanism served as exit liquidity for concentrated whales without lock-ups. Jupiter spent $70 million but faced an overwhelming $1.2 billion in annual unlocks (NFER of 0.06), making its efforts futile. The analysis introduces NFER as the critical metric: Buybacks only positively impact price when the annualized buyback volume surpasses the value of annual unlocks and emissions (NFER > 1.0). Otherwise, they are ineffective or even counterproductive. By early 2026, a strategic pivot occurred. Projects like Helium and Jupiter halted buybacks, recognizing that capital was better spent on user acquisition, subsidies, and building network effects—akin to "growth stocks." Mature protocols with established cash flows, like Optimism, began adopting buybacks to transition from speculation to value. The conclusion is clear: Financial engineering cannot overcome structural inflation. The new paradigm rewards protocols that use cash flow to build real economic moats and achieve genuine net deflation. Investors must now scrutinize NFER, holder structure, and the source of buyback funds.

marsbit01/19 08:37

2025 Crypto Buyback Revelation: When a $138 Million Buy Order Can't Save an 80% Plunge

marsbit01/19 08:37

$HTX Quarterly Burn Hits a New High of 13.62 Trillion, Total Burn Volume Nears 10% of Total Supply

HTX DAO announced a record quarterly burn of 13.62 trillion $HTX tokens in Q4 2025, valued at over $23.31 million, marking a 36.4% year-over-year increase. This brings the cumulative burn to nearly 100 trillion tokens, approaching 10% of the total supply and accelerating deflation. Despite market challenges, HTX Exchange contributed 50% of its revenue to support the burn mechanism, reflecting strong fundamentals. The platform also reported significant user growth, trading volume, and capital inflows in 2025. HTX DAO remains committed to transparent tokenomics, community governance, and expanding $HTX utility across CeFi and DeFi ecosystems.

TheNewsCrypto01/17 06:30

$HTX Quarterly Burn Hits a New High of 13.62 Trillion, Total Burn Volume Nears 10% of Total Supply

TheNewsCrypto01/17 06:30

Single-Quarter Burn of 13.62 Trillion Tokens Hits New High, $HTX Cumulative Burn Volume Approaches 10% of Total Supply

HTX DAO has successfully completed the Q4 2025 burn of $HTX tokens, destroying 13.62 trillion tokens—a record high—worth over $23.31 million. This represents a 36.4% year-on-year and 3.78% quarter-on-quarter increase, demonstrating strong performance despite a generally subdued crypto market. The burn mechanism, which uses 50% of Huobi HTX's revenue to repurchase and destroy tokens, highlights the platform's robust business fundamentals. Cumulatively, HTX DAO has now burned 99.49 trillion $HTX, approaching 10% of the total supply, accelerating the token’s transition into a deep deflationary phase. This reduction in circulating supply is expected to provide long-term value support. Throughout 2025, Huobi HTX saw significant growth, surpassing 55 million registered users and recording $3.3 trillion in annual trading volume, a 39% increase year-on-year. Moving forward, HTX DAO plans to further decentralize governance, expand $HTX utility across CeFi and DeFi ecosystems, and enhance community-driven decision-making to sustainably grow the token’s value.

marsbit01/16 10:46

Single-Quarter Burn of 13.62 Trillion Tokens Hits New High, $HTX Cumulative Burn Volume Approaches 10% of Total Supply

marsbit01/16 10:46

JustLend DAO's Second JST Buyback and Burn: Cumulative 10.96% of Total Supply Destroyed, Accelerating Entry into a New Era of Value Growth

JustLend DAO has executed its second major JST token buyback and burn, permanently removing 525 million JST (5.3% of total supply) from circulation. This brings the cumulative burned amount to over 1.08 billion JST, representing 10.96% of the total supply, significantly accelerating JST’s deflationary trajectory. The burn was funded by $10.19 million from Q4 2025 net profits and $10.34 million from accumulated reserve earnings, demonstrating the protocol’s strong financial health and sustainable revenue model. Key drivers include JustLend’s TVL surpassing $7.08 billion, robust growth in sTRX staking (over 9.3 billion TRX staked), and widespread adoption of GasFree smart wallets, which have facilitated over $46 billion in transactions and saved users $36.25 million in fees. Additionally, USDD’s multi-chain ecosystem reached a milestone with TVL exceeding $1 billion, further supporting JST’s value accrual mechanism. This burn reinforces JST’s transition from a governance token to a yield-backed asset tied to ecosystem cash flow. Market response has been positive, with JST’s market cap breaking $400 million and trading volume rising 21.92% amid a 10.82% monthly price increase. The recurring burn mechanism establishes a deflationary model that enhances scarcity, governance weight per token, and long-term value alignment with holders, setting a new standard for sustainable tokenomics in DeFi.

marsbit01/16 05:27

JustLend DAO's Second JST Buyback and Burn: Cumulative 10.96% of Total Supply Destroyed, Accelerating Entry into a New Era of Value Growth

marsbit01/16 05:27

JST Embarks on Its Second Buyback and Burn: Cumulative 10.96% of Total Supply Destroyed, Accelerating Entry into a New Era of Value Growth

JST, the token of the JUST ecosystem, has completed its second major buyback and burn event on January 15, 2026, permanently removing 525 million JST (5.3% of total supply) worth over $21 million. Combined with the first burn, a total of 10.96% of JST's supply has been destroyed, accelerating its deflationary trajectory and reinforcing its value proposition. The buyback was funded by $10.19 million from JustLend DAO's Q4 2025 net profits and $10.34 million from accumulated reserve earnings, demonstrating the ecosystem's strong profitability and financial health. Key drivers include JustLend DAO's robust performance, with Total Value Locked (TVL) exceeding $7.08 billion, innovative products like sTRX (with over 9.3 billion TRX staked), and the widely adopted GasFree smart wallet, which has facilitated over $46 billion in transactions and saved users $36.25 million in fees. Additionally, growth from the USDD decentralized stablecoin ecosystem, which recently surpassed $1 billion in TVL, contributed significant incremental revenue. This burn signifies a fundamental shift for JST from a utility governance token to a yield-backed asset, directly tethering its value to the ecosystem's cash flow. The reduced supply increases scarcity, enhances per-token governance power for holders, and establishes a sustainable, transparent deflation model for DeFi. With a market cap surpassing $400 million and growing trading volume, JST is positioned for continued value appreciation driven by real yield and strategic tokenomics.

marsbit01/16 01:09

JST Embarks on Its Second Buyback and Burn: Cumulative 10.96% of Total Supply Destroyed, Accelerating Entry into a New Era of Value Growth

marsbit01/16 01:09

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