$2335 YFI, are you going to chase it?

First, let's look at the chart:

Up over 40% in the past 7 days, up over 30% on the monthly chart, with violent 24-hour fluctuations, hitting a high of 2750 and now pulling back to 2335. Extremely small supply—only 36,666 tokens total, 100 times scarcer than Bitcoin. The circulating market cap is only $83 million, smaller than many meme coins.

Market cap $83M, daily volume nearly $200M. Turnover rate over 100%.

First thing: YFI's fundamentals are not dead

Many people think YFI is long dead—wrong.

TVL is still $200-400 million, Vaults strategies continue to generate real yield, the new Morpho Vault curation strategy just launched in June, and the official internal risk report was released on July 1, showing transparency improvements.

Most importantly: recently initiated buybacks + governance voting, supply reduction expectations are directly boosting the price.

Second thing: Scarcity is YFI's strongest card

YFI total supply is only 36,666. Bitcoin has 21 million—YFI is less than 0.2% of that.

A circulating market cap of $83 million in today's crypto market can't even compare to a decent NFT project.

You can call it old, say it's been hacked, say it's out of date—but you can't say it's not scarce.

Once the DeFi narrative returns and capital rotates into blue-chip veterans, YFI's elasticity will far exceed your imagination.

Third thing: Technicals are at a critical crossroads

On the 4-hour timeframe, YFI is currently trading within a descending channel, price touching the lower channel boundary, RSI showing short-term oversold, with a bounce potential. A bullish harmonic pattern may be forming here—those who know will understand.

The daily chart is clearer: violent rally over 7 days followed by a pullback on decreasing volume—a classic "rally–pullback on low volume–rally again" healthy structure.

Is 2300 the halfway point or the bottom? It depends on whether you're looking at the 1-hour chart or the weekly chart. The weekly chart tells you: this is just the beginning.

Long vs. short, you decide

Long thesis:

Buybacks + governance proposal, supply reduction expectations

Total supply 36,666, extreme scarcity, market cap only $83M

DeFi TVL stable at $200-400M, real revenue

7-day surge of 40% on volume, clear institutional money inflow

Short thesis:

Shadow of historical exploit events still lingers

New DeFi protocols (Morpho, Pendle, etc.) stealing market share

BTC and ETH both consolidating sideways, broader market unclear

Old coins prone to fake breakout—chasing highs is asking to get burned

Key levels

Resistance above: 2500 → 2750-2800 → 3000+

Support below: 2080-2100 → 1900-2000

Short-term traders:

Wait for a pullback to 2200-2300 to confirm support before entering, stop loss at 2080, first target 2500—take half profit. If 2500 breaks on volume, chase long with target 2750-2800.

Swing traders:

Scale in at 2000-2200, hold until 3000+ before considering exit, use trailing stop to protect profits. For coins with such small supply, once they start moving, it's consecutive green candles—getting off is easy but getting back on is hard.

Long-term believers:

Dollar-cost average blindly below 2000, betting on a DeFi bull market comeback. YFI fell from $40k to $1,500, and can get back to $8,000 with just one decent DeFi Summer. But the prerequisite is—you must hold.

Risk management:

Full position no more than 10% of total capital, YFI volatility is extreme

If it breaks below 2000, cut losses decisively—no false hope

Monitor BTC trends; if BTC breaks $62,000, YFI will likely drop 5-10%

Watch out for "buy the rumor, sell the news" after the buyback/governance news is priced in—take profits in batches

Ten years ago it was the king of DeFi, ten years later it's still quietly earning

YFI's founder left long ago; the community manages itself, iterates strategies, and uses income to buy back tokens.

You mock it for being down 95%, but don't realize it has already nearly doubled from the bottom.

In this DeFi recovery, could YFI be the biggest dark horse? #GUSD年化升至3.8% #Strategy上周减持3588枚BTC #GT二季度销毁257万枚 $ETH $BTC $YFI