The whales are laying out long positions across the board
Since September 2, the Bitfinex lending market has continued to see opportunities with annualized interest rates of more than 20% over the past 10 hours. Meanwhile, BTC long positions have increased by a net 3,000 since August 28th.
Greens lending rates and long positions have always been an over-the-top indicator for bulls, and the previous two major spikes were preceded by significant rises in rates and long positions.
At the same time, the options market has started to see a large number of Block calls, accounting for 30% of the day's total, and the whales are laying out long positions across the board.
Greens lending rates and long positions have always been an over-the-top indicator for bulls, and the previous two major spikes were preceded by significant rises in rates and long positions.
At the same time, the options market has started to see a large number of Block calls, accounting for 30% of the day's total, and the whales are laying out long positions across the board.
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