Excess leverage from earlier moves has mostly cleared out Even during dip, shorts didn’t pile in aggressively That keeps the market more balanced This kind of setup usually limits downside & leaves room for upside if demand picks up #GateCEO2025YearEndOpenLetter #My2026FirstPost
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Perp funding is back around neutral levels
Excess leverage from earlier moves has mostly cleared out
Even during dip, shorts didn’t pile in aggressively
That keeps the market more balanced
This kind of setup usually limits downside & leaves room for upside if demand picks up
#GateCEO2025YearEndOpenLetter #My2026FirstPost