2026-01-15 01:38:02

Are defensive tokens really getting bid up? Or is it just short covering and deleveraging noise? From where I'm standing, it looks more like the latter. The moves feel forced rather than genuine, driven by forced buybacks rather than real conviction in these assets.

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SatoshiHeir

· 01-16 21:18

It should be pointed out that there is a classic market psychology fallacy here — mistaking technical rebounds for a reflection of value consensus. On-chain data shows that the inflow of defensive tokens mainly comes from dynamic hedging on exchanges, rather than genuine belief-driven purchases by institutions. This is not bid up at all; it's just forced buying during leverage liquidations.

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ConfusedWhale

· 01-16 08:15

It sounds like a forced liquidation mechanical dump, with no real gold and silver conviction behind it.

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AirdropHermit

· 01-15 02:00

A short-term rebound being hyped as the rise of defensive assets? Come on, it just feels like noise from forced liquidations and leveraged explosions.

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rekt_but_vibing

· 01-15 01:52

Nah, this is just a trick to cut leeks, forced liquidation to pump the price, with no real faith backing it up.

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rekt_but_resilient

· 01-15 01:51

Short-term hedging positions run away, there's really nothing to boast about.

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SatoshiChallenger

· 01-15 01:51

Data shows that the previous rebound was similar, with 78% of the volume coming from liquidations... Ironically, everyone is still calling for defensive asset allocation [cold laugh]

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NotSatoshi

· 01-15 01:39

The short-term rebound is all forced liquidations; there's really no confidence to speak of.

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