# Сопутствующие статьи по теме Liquidity

Why Do DeFi Users Reject Fixed Rates?

Fixed-rate lending has consistently struggled to gain traction in DeFi, not because users inherently reject it, but due to a fundamental mismatch between product design and the actual behavior of capital in the ecosystem. DeFi protocols are built as on-demand money markets, where lenders—acting like cash managers—prioritize liquidity, composability, and the ability to exit or reallocate funds instantly. They accept lower yields in exchange for these features. In contrast, fixed-rate products require locking funds for a duration, sacrificing this flexibility for a modest premium that often fails to adequately compensate for the loss of optionality. Most crypto borrowing is not long-term credit but leveraged, tactical activity like basis trading and collateral recycling, where borrowers also prefer floating rates for their flexibility. This creates a one-sided market: lenders demand a premium to lock funds, but borrowers are unwilling to pay it. Fixed-rate markets fragment liquidity across maturities, leading to poor secondary markets and significant price impacts for early exits. While fixed-rate products can exist in niche, hold-to-maturity forms, they are structurally disadvantaged. The lender base, composed of mercenary capital seeking liquidity, will likely keep floating-rate money markets like Aave as the default, with fixed-rate serving only as an optional overlay for those explicitly seeking duration exposure.

Odaily星球日报12/21 06:41

Canton Network surges on SEC-linked boost – Can CC extend gains?

The Canton Network's native token CC surged 11% in 24 hours, becoming the top daily gainer, following a key regulatory development. The U.S. SEC issued a non-action letter to the Depository Trust & Clearing Corporation (DTCC), clearing the path for tokenized treasury infrastructure on the network. This sparked significant bullish sentiment, with 89% of voters expecting further price gains. The news adds to a series of partnerships that have historically supported CC's price, including a recent integration that previously pushed it up 5%. Market data shows strong bullish positioning. Open interest-weighted funding rates remain positive, indicating long dominance, with $14.28 million flowing into long contracts. Spot markets also saw net inflows of $6.40 million over the past week. However, liquidation heatmaps suggest caution, showing heavier liquidity clusters below the current price, which could lead to a short-term pullback. Despite this, overall sentiment remains constructive due to regulatory clarity, institutional partnerships, and sustained capital inflows.

ambcrypto12/21 01:02

Crypto Founder Reveals What Will Drive Bitcoin Price To $200,000 In 2026

BitMEX co-founder Arthur Hayes predicts Bitcoin could reach $200,000 in 2026, driven by the U.S. Federal Reserve's Reserve Management Purchases (RMP), which he equates to quantitative easing (QE). Despite the crypto market downturn, Hayes believes RMP will inject significant liquidity, sparking a parabolic rally. He expects Bitcoin to trade between $80,000 and $100,000 until early 2026 before surging, with a peak around March 2026. However, on-chain analytics platform CryptoQuant warns Bitcoin could still drop to $56,000, citing slowed demand growth and a potential bear market. Currently, Bitcoin is trading around $88,400.

bitcoinist12/20 21:02

Why SEI must reclaim KEY support to avoid drop below $0.07

Amidst a weak crypto market, Sei (SEI) faces significant selling pressure after losing the key support level at $0.1206, exposing it to a potential drop toward $0.0689. Despite spot market weakness, derivatives activity surged with $32 million in volume and rising Open Interest, indicating leveraged speculative interest rather than capitulation. Whale activity remains high, suggesting large players are actively trading during the downturn. Momentum indicators show slowing sell pressure but lack bullish strength. For a recovery, SEI must decisively reclaim $0.1261 to prevent further downside; failure to do so could lead to a test of lower supports.

ambcrypto12/20 20:03

Ethereum vs. Bitcoin: What the usage–value split says about prices

Ethereum demonstrates a significant advantage in user adoption with 167.96 million non-empty wallets, nearly triple Bitcoin's 57.62 million. This indicates robust network growth and new user entry. However, Bitcoin shows stronger holding confidence, as its exchange supply has been declining, reducing immediate selling pressure. Despite Ethereum's higher participation, the ETH/BTC pair has failed to sustain gains, with capital favoring Bitcoin's stability during market uncertainty. While Ethereum leads in usage, Bitcoin remains the preferred store of value asset for now.

ambcrypto12/20 09:02

‘Capital Is Moving, Not Leaving’: What Japan’s Crypto Market Stands To Gain

The crypto market is facing uncertainty and selling pressure, with Bitcoin struggling above $90,000 and Ethereum showing volatility. However, analysis by XWIN Research Japan indicates capital isn't exiting but shifting form. The total supply of ERC20 stablecoins has reached near all-time highs at $160 billion, suggesting funds are moving into stablecoins as "waiting liquidity" within the ecosystem, poised for redeployment when market direction becomes clearer. This behavior has positive implications for Japan’s crypto market. Improving regulatory clarity and tax frameworks may attract cautious domestic capital back, boosting local market depth and Japan’s global role. The yen-denominated stablecoin JPYC is key, serving not only for trading but as infrastructure for real economic applications like Web3 services and payments. The overall crypto market cap is testing critical support at the $2.9-$3.0 trillion zone, having been rejected from the $4 trillion level. While the long-term trend remains intact above the 2022-2023 base, the market is in a corrective phase. Holding current support is crucial to avoid a deeper retracement.

bitcoinist12/20 04:02

Bitcoin rallies thwarted by fading Fed rate cut odds, softening US macro

Bitcoin has struggled to sustain a rally above $92,000, facing headwinds from shifting macroeconomic conditions. Strong demand for U.S. Treasurys and declining expectations for Federal Reserve rate cuts have reduced investor appetite for risk assets like Bitcoin. Meanwhile, weaker U.S. economic data—including softer job market figures and lowered earnings outlooks from major retailers—have further dampened sentiment. Although Bitcoin’s correlation with traditional markets has decreased, it remains sensitive to broader financial uncertainty. Gold has emerged as a preferred safe haven amid ongoing economic concerns, limiting Bitcoin’s near-term appeal as a hedge. Global risks, including Japan’s economic contraction and rising government bond yields, add to the cautious outlook.

cointelegraph12/20 02:44

Arthur Hayes' Latest Podcast: Got the Script for Next Year, Already Fired 90% of the Bullets

In his latest podcast, Arthur Hayes, co-founder of BitMEX, shares his macro outlook and investment strategy for the coming year. He argues that the market is waiting for a form of quantitative easing (QE) that will never be explicitly announced. Instead, the Federal Reserve will use new tools like "Reserve Management Purchases" (RMP) to inject liquidity by buying short-term Treasury bills, effectively achieving the same stimulative effect as QE without using the politically toxic term. Hayes believes the market will initially misunderstand RMP but will eventually recognize it as money printing, leading to a significant asset price rebound starting in early 2025, with potential volatility around March before a sustained uptrend. Hayes reveals his fund, Maelstrom, is nearly fully invested, with 90% of capital deployed, and remains confident even if Bitcoin drops below $80,000. He highlights Ethena (ENA) as one of his most successful altcoin bets due to its capture of interest rate dynamics, and is bullish on privacy and zero-knowledge (ZK) projects like Zcash for the next cycle, despite regulatory hurdles that limit exchange listings. He cautions against shorting AI-related stocks like NVIDIA and emphasizes that the U.S. administration will prioritize low rates and financial market growth to sustain the AI-driven economy, regardless of who leads the Fed. Hayes maintains his long-term Bitcoin target of $250,000 by 2026, warns against the overuse of leverage, and dismisses the notion that market makers are manipulating prices. He concludes that "altcoin seasons" are constant but require adapting to new narratives rather than clinging to past cycles.

marsbit12/20 02:21

Arthur Hayes' Latest Podcast: Got the Script for Next Year, Already Fired 90% of the Bullets

Arthur Hayes, co-founder of BitMEX, shares his macro outlook and investment strategy in a recent podcast. He argues that the market is waiting for a "magic word like QE" from the Fed, but it won't come in its traditional form. Instead, he predicts a rebranded version of money printing called "Reserve Management Purchases" (RMP) will provide liquidity, with its full impact being recognized by the market around March next year, leading to a significant asset price recovery. Hayes is heavily invested, having deployed 90% of his capital, and remains confident in Bitcoin's long-term rise, reiterating a $250,000 price target for 2026. He warns against shorting AI-related stocks like NVIDIA, calling it a trap. For altcoins, he sees the next major narrative in privacy and ZK technologies, with Zcash (ZEC) as a current holding, though he acknowledges regulatory hurdles for privacy coins. He highlights Ethena (ENA) as one of his most successful and confident bets, expecting a sharp rally as monetary conditions ease. Hayes dismisses the idea that "altseason" is missing, stating it's always happening with new trends, and criticizes those who are too risk-averse to participate. The most dangerous macro narrative, in his view, is the belief that central banks will tighten policy. His key advice is to avoid excessive leverage and stop blaming market makers for price movements.

Odaily星球日报12/20 02:15

TRON integrates with Coinbase’s Base network — but what does it mean for TRX price?

ambcrypto12/19 23:02