BN's VIP level requirements have indeed dropped significantly... I compared BN, OKX, and HYPE before, and felt HYPE offered the best value, followed by OKX.
Getting VIP1 on BN was quite difficult; the previous requirement of 25 BNB was enough to deter me... I'm not very bullish on BNB, so naturally I'm reluctant to buy it.
But the transaction fees for HYPE contracts with 100 staked BNB are far lower than on BN.
This time, the entry requirements have been drastically lowered, it seems the "casino" knows that "gamblers" have been badly burned this round...
The "casino's" data is the most accurate and reflects the true situation best.
If they maintain the high VIP entry requirements, I estimate more and more small and medium-sized funds will leave and enter other centralized exchanges or the currently popular HYPE.
Even someone as lazy as me has scattered a lot of funds on HYPE...
Now, everyone in the market is playing a zero-sum game, and exchanges are no exception. I've often heard people say that every bear market will sacrifice a first- or second-tier exchange; I wonder if this round will repeat itself?
Failing to adapt to market conditions
I think it's easy to be eliminated...
regardless of whether you are currently or have ever been number one.
That's good, let the competition intensify.
This way, retail investors can profit more.
However, whether you can make money in such a zero-sum game market still depends on real skill...
Now, and for a long time to come,
I believe it's still a time when simply holding cash will outperform 80% of the market...
So, lying low, doing nothing, is fine~
This is probably the optimal strategy for most ordinary people who want to profit from major market trends. 🙂🙂 #BTC