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Trader GyBRmk sold 21,911 $SOL($1.85M) after holding for over 2 years, taking a $1.05M loss.
Over the past 2 years, he accumulated 20,200 $SOL($2.91M) at ~$144 and staked them, earning 1,711 $SOL ($145K) in staking rewards.
But as $SOL fell, he still ended up losing $1.05M.
Traders were doing this manually:
• Check Polymarket
• Check Kalshi
• Compare odds
• Guess what matters
Over and over again.
That’s not edge, that’s wasted time.
@AceTrader will have all of this in one place, in real time.
Soon.
Traders are paying substantial premiums for the privilege of shorting bitcoin, and they have been doing this for quite some time.
Chart 1: Mar 11 recorded the 7th lowest annualized daily funding rate since Jan 1, 2023. Mar 12 recorded the 11th lowest.
Chart 2: Weekly funding rates have returned to deep negative levels.
Chart 3: Even the 30-day average has been negative for 14 consecutive days, the longest streak since December 2022.
Chart 4: BTC vs. 30-day average funding rate.