notme
Legendary
*
Offline Offline

Activity: 1904
Merit: 1001


View Profile Email Personal Message (Offline)

Ignore
July 12, 2013, 10:21:19 PM

BTC lending rate on bitfinex is 80% (annual basis). Never seen it above 5% before.

Interesting. Did people just discover they can short on bitfinex?



I don't know, but based on total USD borrowed/total BTC borrowed, leveraged traders need the market to fall to $81 to even out their positions.  Continued upwards movement will cause a short squeeze.