Total Vibes Locked price

Hindsight Narrative: Massive ETH move was inevitable because it has top stables share, enterprises are building there, largest TVL by far

#169 • MANTRA ══════════════ $OM $𝟬.𝟱𝟬𝟭𝟮 🟢🟢🟢 +38.0% #MC $𝟰𝟴𝟲.𝟴𝗠 #FDV $𝟴𝟰𝟬.𝟳𝗠 1.7 MC #TVL $𝟱𝟳𝟯.𝟬𝗞 0.0 MC 🟢 +2.1% #VOL $𝟯𝟰𝟮.𝟴𝗠 0.7 MC

Ignore the noise from traditional finance adopting blockchain. This has absolutely nothing to do with the coins in your hand, not even BTC. The Australian Securities Exchange (ASX) tried as early as 2018 to put the entire share registry of the stock exchange on a public blockchain, but it ultimately came to nothing. In 2018, Australia's Open Market trading platform and subsequent licensed forex platforms (schemes) allowed direct crypto trading and even crypto deposits (the method was to deposit crypto, which was instantly converted to fiat currency, and then you could buy crypto again—essentially incurring slippage losses twice). Stablecoins and regional stablecoins were used for payment trials by ANZ Bank in 2022, and government bonds were issued on Ethereum in the same year. But it was all in vain. The so-called billions in TVL (Total Value Locked) were just a few accounts moving numbers from one side of the traditional balance sheet to the other. For them, using blockchain is a cost, and their real profit model is charging management fees on TVL. Therefore, yield farming protocols that allow free entry and exit without charging management fees on principal are an existential threat to them. Market prices are determined solely by the funds entering this market. Every cycle in the crypto space teaches us that any buzzword with traditional financial value inclinations—if it becomes popular among people who have never made money in a crypto-native market formed by that trend—will inevitably fail to take off. Unless a global war leads to crypto mass adoption, financial nihilism will dominate the globe for the next generation. Especially in crypto, only "real industries" that provide practical services for this "nihilism" are meaningful "real industries."

#200 • MANTRA ══════════════ $OM $𝟬.𝟯𝟲𝟰𝟭 🟢 +1.3% #MC $𝟯𝟱𝟭.𝟴𝗠 #FDV $𝟲𝟬𝟳.𝟴𝗠 1.7 MC #TVL $𝟱𝟲𝟬.𝟭𝗞 0.0 MC 🔴 -0.6% #VOL $𝟭𝟯𝟭.𝟯𝗠 0.4 MC

In the past six months, I've had an illusion that the price movements of $BNB and $BTC seem somewhat opposite. This illusion is caused by fragmented memories when observing prices. For example, when BTC's price rises, BNB seems to lag behind in starting its movement, and sometimes when BTC drops, BNB doesn't fall as sharply. However, data tells me this is an illusion. I took 3,000 data points from a 1-hour price chart over three months and constructed a regression model. The result shows that BNB and BTC prices are highly correlated. Here is a rough regression equation, which also uses time series for multivariate regression, and the results are fairly consistent: BNB% = -1.20 + 1.33 × BTC% + 0.45 × BSC transaction volume + 0.18 × TVL - 1.80 × regulatory events - 0.04 × fear and greed index Conclusions: 1. BNB's price is highly dependent on BTC (β₁=1.33); 2. Pay attention to changes in the BSC ecosystem (transaction volume, TVL), as an active ecosystem provides additional upward momentum for BNB; 3. Regulatory events and deteriorating market sentiment (increased fear) suppress BNB's price; 4. If the "Bhutan" model can evolve with CZ advising more sovereign nations, potentially becoming part of national reserves or sovereign investment fund portfolios, $BNB still has room for growth. Sometimes, data directly contradicts human perception.