It revolves around Binance futures and how they plan to deal with any split.
- Basically, I believe it is possible to buy eth on spot
- Sell eth futures
- gain the new coin as a profit
Anyone doing this would have reason to push the new coin and try and make it as valuable as possible. This would also explain why we are seeing such negative funding fees on the futures.
I wrote about it in more detail in this substack but it is still just a theory.
I am not seeing nearly as much talk about a split as there was back in the ETC days, is that because I am in a bubble or is there not much of a push for it?
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