Rootstock execs reveal Bitcoin DeFi: funds consolidating among a few big players
The head of Rootstock Labs stated that overall DeFi liquidity has significantly shrunk, dropping from last year's peak of $180 billion to around $70 billion currently. Many of the mainstream crypto-native traders and hedge funds have pulled out in large numbers, with Rootstock now turning to Bitcoin miners and digital asset treasury companies to provide lending and yield products. These users hold a substantial amount of BTC but are reluctant to sell assets for liquidity.
Currently, BTC is priced at $65,508, with a slightly negative funding rate over the last 24 hours. The market's bulls and bears are relatively balanced but cautious. In the short term, Bitcoin DeFi demand is concentrated among high-net-worth individuals, while retail participation may continue to decline.
Key price levels to watch: If BTC breaks above R1 around $66,625, there might be room for a short-term bounce; if it falls below S1 at $65,329, we should be wary of further adjustments.
In a nutshell: DeFi is contracting, big players are looking for new entry points, and retail should take a step back to assess the situation.
$BTC daily sell point: $66,625 daily buy point: $65,329
$BTC #BTC
The head of Rootstock Labs stated that overall DeFi liquidity has significantly shrunk, dropping from last year's peak of $180 billion to around $70 billion currently. Many of the mainstream crypto-native traders and hedge funds have pulled out in large numbers, with Rootstock now turning to Bitcoin miners and digital asset treasury companies to provide lending and yield products. These users hold a substantial amount of BTC but are reluctant to sell assets for liquidity.
Currently, BTC is priced at $65,508, with a slightly negative funding rate over the last 24 hours. The market's bulls and bears are relatively balanced but cautious. In the short term, Bitcoin DeFi demand is concentrated among high-net-worth individuals, while retail participation may continue to decline.
Key price levels to watch: If BTC breaks above R1 around $66,625, there might be room for a short-term bounce; if it falls below S1 at $65,329, we should be wary of further adjustments.
In a nutshell: DeFi is contracting, big players are looking for new entry points, and retail should take a step back to assess the situation.
$BTC daily sell point: $66,625 daily buy point: $65,329
$BTC #BTC