Are defensive tokens really getting bid up? Or is it just short covering and deleveraging noise? From where I'm standing, it looks more like the latter. The moves feel forced rather than genuine, driven by forced buybacks rather than real conviction in these assets.
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AirdropHermit
· 14h ago
A short-term rebound being hyped as the rise of defensive assets? Come on, it just feels like noise from forced liquidations and leveraged explosions.
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rekt_but_vibing
· 14h ago
Nah, this is just a trick to cut leeks, forced liquidation to pump the price, with no real faith backing it up.
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rekt_but_resilient
· 14h ago
Short-term hedging positions run away, there's really nothing to boast about.
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SatoshiChallenger
· 14h ago
Data shows that the previous rebound was similar, with 78% of the volume coming from liquidations... Ironically, everyone is still calling for defensive asset allocation [cold laugh]
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NotSatoshi
· 14h ago
The short-term rebound is all forced liquidations; there's really no confidence to speak of.
Are defensive tokens really getting bid up? Or is it just short covering and deleveraging noise? From where I'm standing, it looks more like the latter. The moves feel forced rather than genuine, driven by forced buybacks rather than real conviction in these assets.