Why don't we have a more frequent rebase cycle? Rebase with a long cycle gives a bigger market impact. Builders may want to think "market is rational so the price will only reflect the rebase amount", but psychology doesn't work that way. And the catastrophe happens when the sentiment is heated.
Thoughts on rebasing
Thoughts on rebasing
Thoughts on rebasing
Why don't we have a more frequent rebase cycle? Rebase with a long cycle gives a bigger market impact. Builders may want to think "market is rational so the price will only reflect the rebase amount", but psychology doesn't work that way. And the catastrophe happens when the sentiment is heated.