Mars Finance News, on April 9, Matt Hougan, CIO of Bitwise, posted on social media that the current annual interest rate for borrowing USDT on the Aave platform has dropped to around 3.2%, which reflects the stunning decline in lending rates since the election. In his view, this indicates that the market is at or near the bottom.
Bitwise CIO: Borrowing rates have continued to decline since the election, and the market may be at/near the bottom
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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