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Title: Bitfinex - huge drop in loan $ Post by: removebeforeflight on December 28, 2013, 05:42:50 AM Anyone know what's going on in
Bitfinex? The outstanding loan USD has suddenly dropped from $12m to $8m with a huge drop in interest. Tinfoil hat on. Title: Re: Bitfinex - huge drop in loan $ Post by: TERA on December 28, 2013, 06:09:15 AM Wouldn't be a bullish indicator if people are no longer on loan? That means no panic, margin calls, etc and there are people waiting to get back on loan. More buying power. When there were all the loans, that was bearish. Btc was artificially overbought. Think about it.
Title: Re: Bitfinex - huge drop in loan $ Post by: notme on December 28, 2013, 06:38:45 AM Why do you need a tinfoil hat?
Price went up, people closed long positions, their loans were paid back. I know I closed my leveraged long position while we were above 800/750 (gox/stamp). Title: Re: Bitfinex - huge drop in loan $ Post by: ianspain on December 28, 2013, 08:49:58 PM Anyone know what's going on in Bitfinex? The outstanding loan USD has suddenly dropped from $12m to $8m with a huge drop in interest. Tinfoil hat on. what it means is that less people are mrgin buying, people get loans in U$D in order to buy btc and later sell once the btc price is hgher, a reduction in loans is a bearish sentiment ;-( |