Greeks.live: The lending rates and long positions of green leaves indicate that whales are positioning for long orders

2024-09-03 09:57:01
Collection

ChainCatcher news, Greeks.live analyst Adam posted on platform X, stating, "Starting from 19:00 Beijing time on September 2, the green leaf lending market has continuously presented borrowing opportunities with annualized interest rates exceeding 20% over the past 10 hours. Meanwhile, since August 28, the net increase in BTC margin long positions has reached 3,000 contracts. Green leaf lending rates and long positions have always been leading indicators of a bull market, with significant increases in rates and long positions observed before the last two major surges. At the same time, the options market has also seen a large volume of bullish options transactions, accounting for 30% of the total transactions for the day, indicating that whales are fully positioning themselves for long positions."

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
ChainCatcher Building the Web3 world with innovators