🚨Exit Queue Death Spiral🚨
Day 15 post-Shanghai
Your staked ETH withdrawal is finally ready
For 2 weeks, withdrawn ETH has been steadily sold in the illiquid spot market, with price bleeding down
75 days of validators are waiting in the exit queue behind you
What do you do?

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🚨退出队列死亡螺旋🚨
上海之后的第 15 天
您质押的ETH提款终于准备就绪
两周来，提取的ETH在流动性差的现货市场稳定出售，价格不断下跌
75 天的验证者在你身后的出口队列中等待
你做什么工作？

2024年的最后一个月份已至。在这最后一个月，山寨币季节到来了。比特币仍旧未突破10万美元里程碑。虽然由于热点向山寨币转向，但meme市场并未彻底熄火，每天仍有很多新的项目爆发。
Followin将在这篇文章中不断更新每天的热门meme币，一起掌握最新的meme动态。
12月10日
- Luigi（+35000%）
- APPLE（+98%）
- GRIFFAIN（+86%）
Luigi（+350...

疯狂meme季节，今日哪些meme币在涨？（持续更新中）

这是 <Pantera Capital> 通过两个独立基金启动的筹资活动的结果。

<Pantera Capital> 希望向 <TON> 区块链再投资 2000万 <刀>。

根据一份...

Pantera Capital又向TON区块链「注入」2000万镁

贪婪指数接近历史顶峰，MVRV、ahr999 等技术面指标接近 21 年 11 月与 24 年 3 月，其余维度仍在中期。

比特币徘徊十万关口，六个维度解析我们在牛市的什么阶段？

This is the Exit Queue Death Spiral
If you know what “!pray” means, you know how this exact exit queue scenario played out for Temple
Even ETH diehards who don’t want to sell will have every incentive to do so to avoid being dumped on by the next person behind them in the queue

这是退出队列死亡螺旋
如果你知道“!pray”的意思，你就会知道 Temple 退出队列的场景是如何发生的
即使是不想出售的ETH顽固分子也会有充分的动机这样做，以避免被队列中排在他们后面的下一个人甩掉

The paradox of the Exit Queue Death Spiral is that many of the withdrawing validators may be ETH maxis who want to hodl/re-stake, but it may still be a game theory optimal decision for them to sell and re-buy later once ETH price has decreased and the exit queue has cleared 

退出队列死亡螺旋的悖论是，许多退出的验证者可能是ETH maxis，他们想要HODL/重新抵押，但一旦ETH价格上涨，他们出售和重新购买可能仍然是博弈论的最佳决策已经减少并且退出队列已经清除

Just as there are always new sellers as a token’s price decreases (more holders go underwater or sell out of fear of going underwater), an exit queue creates a perverse incentive for even protocol supporters to dump their beloved tokens out of self-defense - a snowballing effect

正如代币价格下跌时总会有新的卖家（更多的持有者陷入困境或因害怕陷入困境而卖出），退出队列会产生一种不正当的激励，甚至协议支持者也会出于自卫而抛售他们心爱的代币——a滚雪球效应

The takeaway is that the first few days of ETH price action after Shanghai on April 12 will be critically important to the decision-making incentives of the next withdrawing stakers in the queue
And unfortunately, the stakers at the front of the queue are the most likely to dump

结论是，4 月 12 日上海之后的前几天ETH价格走势对于队列中下一个退出质押者的决策激励至关重要
不幸的是，排在队伍前面的质押者最有可能倾倒

So as the first withdrawing stakers dump, there is a real possibility of creating a downward rolling snowball of compounding negative price action, a self-fulfilling death spiral that leads to ever more dumping

因此，当第一个撤回的质押者倾销时，确实有可能创造一个向下滚动的复合负面价格行为的雪球，一个自我实现的死亡螺旋，导致更多的倾销

And keep in mind, this doesn’t include the ~1.1 million ETH rewards (partial withdrawals) that will unlock over days 1-5 post-Shanghai, which are much more likely to be sold than withdrawals, and may generate enough momentum in the initial days to start the downward spiral 🌀✌🏻 

请记住，这不包括将在上海之后的第 1-5 天解锁的约 110 万ETH奖励（部分提款），这些奖励比提款更有可能被出售，并且可能会在未来产生足够的动力开始螺旋式下降的最初几天🌀✌🏻