bullish

Bitcoin

Coin

<ul class="wp-block-list news-points">
 <li>Bitfinex lending rates have surged to 30% APR, signaling bullish market sentiment.</li>
 <li>Large spot traders are expanding positions amid rising lending activity and market pullback.</li>
 <li>High-interest USD loans indicate confidence in favorable market conditions in coming months.</li>
</ul>
Bitfinex’s lending rates have surged, with numerous orders today hitting an impressive 30% APR (annual percentage rate). This spike in interest rates, particularly for USD loans, is seen by many in the crypto community as a strong bullish signal.
As per Greeks.live data, for the past two years, similar spikes have often preceded major market rallies, and today’s rates have once again caught the attention of seasoned traders. With the market experiencing <a href="https://coinedition.com/more-than-70k-eth-transferred-to-bitfinex-by-one-whale/" rel="noopener noreferrer nofollow">a slight pullback</a>, large spot traders seem to be positioning themselves for a potential bull run.
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 Bitfinex lending rates have suddenly skyrocketed, with multiple orders lent at a high 30% APR today. With a small pullback in the market, the big spot traders have started to add to their positions in a big way, so to speak. This is a strong bullish signal, and 30% APR lending… <a href="https://t.co/8cyO7zgzzv" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/8cyO7zgzzv</a>— Greeks.live (@GreeksLive) <a href="https://twitter.com/GreeksLive/status/1848730873694486641?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 22, 2…</a>
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The post <a href="https://coinedition.com/bitfinex-lending-rates-surge-to-30-apr-bullish-signal-bitcoin-and-crypto/" rel="noopener noreferrer nofollow">Bitfinex Lending Rates Surge to 30% APR: Bullish Signal Bitcoin and Crypto?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitfinex Lending Rates Surge to 30% APR: Bullish Signal Bitcoin and Crypto?

Coin Edition

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