The lending rates on Bitfinex have experienced a significant increase, with orders being charged at an annual percentage rate (APR) of 30%. This surge is viewed as a positive indication as it suggests that large spot investors are adding to their positions after the recent market pullback. Historically, a 30% APR on Bitfinex has been a reliable signal of a major bull market, leading analysts to believe that institutional and large-scale investors are regaining confidence, potentially leading to a cryptocurrency price rally in the upcoming weeks. At the time of writing, the largest cryptocurrency is trading at $67,015, having recently surpassed $69,000.
- Content Editor ( en.bitcoinsistemi.com )
- 2024-10-22
Analysis Company Speaks for Bitcoin: “Strong Bullish Signal!” – Here’s What They Expect