Current Price BFX: $1,574 Well it seems BTC borrowing is still
WAY higher than USD borrowing.
But after the correction after Bitfinex hit 1700 & Stamp hit 1600, still way more shorts than longs
BUT the rates have started to rise for USD loaning. This makes it very costly for longs to hold their positions if Bitcoin doesn't keep rising. Could also be because no USD is coming into Bitfinex therefore lower supply means higher demand.
Interesting battle for until some fundamental news hits like that Bitcoin Unlimited BS in March, I think we keep rising.
Shorts must continue buying any dip to escape this rally.