Demand for market-neutral Bitcoin strategies has surged sharply, and the activity surrounding @TheTNetwork and @yieldbasis illustrates this shift with unusual clarity. Within an astonishingly short window, each BTC vault tBTC included amassed $50M in deposits, signaling how aggressively traders are seeking ways to preserve full BTC exposure while simultaneously harvesting yield from pricing imbalances across markets. Rather than pursuing directional bets, participants are leaning into approaches that neutralize price swings yet exploit the persistent gaps between funding rates, a pattern that has become increasingly attractive as volatility compresses. In this landscape, tBTC has started to emerge as the collateral of choice, not only because of its trust-minimized structure but also due to the consistency it brings when deploying capital into onchain, delta-neutral frameworks. As more users migrate from speculative positioning toward structured yield generation, the combination of transparent vault mechanics and permissionless collateral forms a foundation that traders can scale without sacrificing security or liquidity. What we’re seeing now is not just a spike in deposits, but the early stages of a broader movement toward systematic BTC yield strategies built entirely onchain. For those wanting a deeper breakdown of how basis-style positioning works within this ecosystem, the mechanics behind the strategy and why tBTC strengthens it are explored in detail in the @TheTNetwork ’s write-up. @Galxe #Galxe #STARBOARD