豹苍戈笔记

Ancestral Teaching 1: Do not try to buy the dip just because of a low market value, similarly, do not refrain from chasing highs just because of a high market value. The general reference for low market values is that those which can be delisted by Binance are typically below 5 million USD.

Ancestral Teaching 2: Do not short the gainers when the market is down, and do not ignore the losers when the market is up.

Ancestral Teaching 3: Reduce left-side trading. When you cannot resist, think about the event where Luna's hundred billion market value spiraled down to zero. If one day, BTC or ETH experiences an unprecedented spiral decline, can you maintain your composure? If another super volatile coin like River, which went from 1.6 to 86, appears, can you avoid it?

So, the next time it breaks the new low of the week, be cautious when bottom-fishing, it will probably go all the way down.

Playing with dead coins again feels like it will kill me #siren

#a2z The dog dealer is not a person, relying on the rate in the contract market to continuously manipulate the market, waiting for Binance to delist, automatic settlement, the dog dealer can profit and exit!

After half a year of installation, you finally abandoned the disk! Next, when faced with a dilemma, just empty #BARD

#siren This market is all smart money now, previously this kind of demon coin had a rate of -2.

@Binance BiBi Guess what this is

List the xvs cake hft

Blindly guessing that the Binance-related market maker account was hacked

Various random pulls and hits

Less contact/no contact with the alpha➕contract combinations, which are easily manipulated and chaotic!

On the contrary, the combination of spot➕contracts with a higher market value is easier to operate!

The logic is that alpha cryptocurrencies have poor liquidity, while spot currencies have good liquidity, and most cryptocurrencies face significant selling pressure once they rise, making it easier to operate in the current bear market!

Continuous dumping, with a market value of less than 8 million, absolutely do not bottom out, very easy to be delisted!

When holding a position, there is no need for the counterparty; it is only when closing a position that the counterparty is needed, meaning that if the bears want to exit, they can only buy to go long.

#cos The Air Force is feeling uncomfortable, next the dog farm will drink your blood once an hour, feeling uncomfortable??????

After reviewing, in Binance contracts, only the contract + alpha combination, such as river, myx, lyn, these meme coins are able to rally due to the lack of liquidity at the moment, and there is a consensus in the market that once it hits the ceiling, it will be sold off, especially for those with a circulating market cap in the tens of millions of dollars, which makes it easy to accumulate. Therefore, once the big players finish gathering their supply, they start to drive up the price!

Additionally, there is another interesting phenomenon at the moment: when a coin drops significantly on a given day and has a market cap under ten million dollars, the bottom-buying will keep coming in, even if you sell all your holdings, it's still enough. Bulla is a great example; the dog owner almost abandoned the market, yet the open interest in contracts actually exceeded the market cap, with the highest fee reaching an astonishing +0.4, meaning there are too many people going long, and the dog owner is enjoying unloading their holdings!

Betting a dime, will this wave go to zero!? #lyn The dog owner’s first wave dropped to 0.14 and then rebounded to 0.36. Now it's the second wave, and this wave might plunge down three thousand miles. Those who thought it would rebound should be a bit cautious. I believe the dog owner's first rebound cultivated the rebound mentality, and the second time buried those who bottom-fished!

This dog kennel is quite a loss, hitting 30 points, and the rate has been charged 15 points! 🤣 Can't you hit faster to attract bulls to bottom fish and bring the rate back to normal?

Recently, the methods of operating in the altcoin market have changed.

Low market cap altcoins quickly surge without any positive news support, essentially crashing back down.

High-altitude altcoins, where the rate quickly turns negative 2, are essentially stabilizing the spot market, short-selling contracts, leading to a significant difference between spot and futures, attracting futures bulls to take over before quickly crashing the spot market!

Binance can indeed 'earn' away users' total assets in 10 years

1. First, align the numbers (March 2026)

• Total user assets (custody): approximately $1.5 trillion ≈ 10.8 trillion RMB

• Binance annual transaction fee revenue: $13.5–20 billion ≈ 97.2–144 billion RMB/year

2. Earned away in 10 years

• Total transaction fees in 10 years: $135–200 billion ≈ 972–1,440 billion RMB

• Total user assets: $1.5 trillion ≈ 10.8 trillion RMB

Conclusion:

• Based on a conservative $135 billion/10 years: 10 years ≈ 90% of total user assets

• Based on an optimistic $200 billion/10 years: 10 years ≈ 133% of total user assets

In other words: In about 10 years, the fees collected by Binance can indeed cover or even exceed the total assets of all users on the platform.

3. However, there are 3 key premises (not to be ignored)

1. This is 'gross fees', not net profit

◦ Binance has rebates, market-making subsidies, zero-fee promotions, and BNB discounts, with actual net fees being only 60–70% of gross income

◦ Even with a 30% discount: 10 years net fees ≈ $94.5–140 billion, still close to/exceeding $1.5 trillion

2. User assets are 'stock', while transaction fees are 'flow'

◦ User assets are static custody balances (BTC/ETH/USDT, etc.)

◦ Transaction fees are dynamic trading commissions (daily trading volume of $70–90 billion, continuously collected)

◦ Equivalent to: a pool of $1.5 trillion, withdrawing $100 billion each year, drained in 10 years

3. User assets will grow/loss, not fixed

◦ In a bull market, user assets may double; in a bear market, they may shrink by 30–50%

◦ However, Binance's transaction fees will also rise and fall with trading volume, and the proportional relationship remains roughly unchanged

4. Summary in one sentence

Based on the current scale, the transaction fees collected by Binance over 10 years can indeed 'earn away' the total assets of all users on the platform.

Almost at a loss, recently one short is the lowest point, one long is the highest point! Counterfeit purgatory!

#bard This beast coin should not be played by anyone. Early this morning, the manipulation rate was set to 200%! The crash and liquidation only lasted one minute, and the pump lasted only 10 minutes, fearing that retail investors would snatch a piece of meat from its mouth! There is no vision at all! Brothers, do not touch it at all, if you short, you will incur fees, if you long, you will be liquidated!

It's all fucking manipulation, manipulation, manipulation, manipulation, manipulation!!!!!!!!!!

The trading market is very counterintuitive. In this wave of the US-Iran incident, everyone thought that BTC would fall, but the main force has reached a recent high. Trading is often counterintuitive! This includes gold and silver; everyone thought they would rise significantly, but the reality is that they are being sold!