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December 28, 2013, 01:16:33 AM

USD daily interest rates on bitfinex are extremely low (flash return rate is 0.1717%). Best offer is 0.129% (2 days), best offer for 30 days is 0.16%.

3 days ago it used to be the case that everything up to 1% daily was taken.

My conclusion: bitfinex traders are sitting on mountains of USD with no immediate intention to buy BTC with them. So they lend them out competitively driving the price of USD down. Also not many are going long on leverage.

We're "oversold"?