TechFlow news: On October 22, Adam, a researcher at crypto data analytics platform Greeks.live, said on social media that annualized interest rates for multiple Leafloan orders on the Bitfinex platform have surged to 30%, indicating that institutional investors are actively increasing their positions even during minor market corrections.
Adam noted that data from the past two years shows that when borrowing annualized rates reach 30%, it often signals the imminent start of a strong bull market in the cryptocurrency sector. This cost-ignoring borrowing behavior reflects significant bullish sentiment among large spot traders. At the time of writing, BTC is priced at xxx USD.
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