Whales are borrowing. Retail is pulling back.
@CoinRabbit lending data shows that borrowers holding more than $10 million worth of BTC increased their USDT borrowing by 83% in September. Borrowers with less than $100,000 cut theirs by 17%.
We break down what the biggest holders are doing with that liquidity and why it aligns with what’s happening on-chain.
Source: CryptoQuant
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
@CoinRabbit lending data shows that borrowers holding more than $10 million worth of BTC increased their USDT borrowing by 83% in September. Borrowers with less than $100,000 cut theirs by 17%.
We break down what the biggest holders are doing with that liquidity and why it aligns with what’s happening on-chain.
Source: CryptoQuant
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto