BTC DeFi's TVL has evaporated by 60%, Rootstock admits: Retail investors are out, only the whales remain.
Is the BTC DeFi narrative over? Rootstock Labs execs dropped some truth bombs at BTC Prague: Total value locked (TVL) has plummeted from $180 billion last October to just $70 billion now, a drop of over 60%. Retail investors and hedge funds have basically exited, and projects are now pivoting to serve miners and digital asset treasury companies.
Translation: The C-end facing BTC DeFi narrative has cooled off. With TVL being slashed again and again, those projects that promised "passive income for every retail investor" have found that the real demand is only in the hands of a few whales holding large amounts of BTC. This isn’t decentralized finance; it's on-chain private banking.
Current BTC market watch: Price is $65,814, down 0.34% over 24h, funding rate at -0.005%, with shorts slightly favored but not extreme. The daily low of $65,329 has tested support, with volume at $7.6 billion, which isn’t exactly active, indicating a lack of market direction. $66,625 is the daily sell point, while a drop below $65,000 opens up downside potential.
Rootstock's transition is quite honest—rather than chasing generic DeFi customer acquisition, they’re focusing on real asset liability needs to build products. Miners need liquidity without selling their BTC, which is a must-have. But the DeFi story has shifted from "financial democratization for all" to "providing lending services to whales," which is a bit ironic.
Liquidity doesn’t lie: When money leaves, it’s gone, and no matter how big the pie you paint, it won’t keep them around.
$BTC daily sell point: $66,625 daily buy point: $65,000
$ETH daily sell point: $1,835 daily buy point: $1,753
$BTC #BTC $ETH #ETH
Is the BTC DeFi narrative over? Rootstock Labs execs dropped some truth bombs at BTC Prague: Total value locked (TVL) has plummeted from $180 billion last October to just $70 billion now, a drop of over 60%. Retail investors and hedge funds have basically exited, and projects are now pivoting to serve miners and digital asset treasury companies.
Translation: The C-end facing BTC DeFi narrative has cooled off. With TVL being slashed again and again, those projects that promised "passive income for every retail investor" have found that the real demand is only in the hands of a few whales holding large amounts of BTC. This isn’t decentralized finance; it's on-chain private banking.
Current BTC market watch: Price is $65,814, down 0.34% over 24h, funding rate at -0.005%, with shorts slightly favored but not extreme. The daily low of $65,329 has tested support, with volume at $7.6 billion, which isn’t exactly active, indicating a lack of market direction. $66,625 is the daily sell point, while a drop below $65,000 opens up downside potential.
Rootstock's transition is quite honest—rather than chasing generic DeFi customer acquisition, they’re focusing on real asset liability needs to build products. Miners need liquidity without selling their BTC, which is a must-have. But the DeFi story has shifted from "financial democratization for all" to "providing lending services to whales," which is a bit ironic.
Liquidity doesn’t lie: When money leaves, it’s gone, and no matter how big the pie you paint, it won’t keep them around.
$BTC daily sell point: $66,625 daily buy point: $65,000
$ETH daily sell point: $1,835 daily buy point: $1,753
$BTC #BTC $ETH #ETH