perp dexes are the first credible dream since the 2021 defi era
governments have bought btc but wallstreet/mainstreet havent adopted perps yet
this meta doesnt top until perps eat 0dte options imho

ive told this story a few times to highlight how this time the dream is different:
in may 2021 i cried when i fumbled 100k uni, my dream was to rentseek global ecommerce with staked uni (lmeow)
i dont think anyone is crying over fumbling dogcoins, no dream but to sell higher x.com/DonAlt/status/…

jez (equity perps era)

Twitter

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Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
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