How does iBorrowDesk provide data on short interest for cryptocurrencies?

3 answers

• Mar 20, 2022 · 3 years ago
  iBorrowDesk collects data on short interest for cryptocurrencies by aggregating information from various sources, including exchanges, lending platforms, and market data providers. The platform uses advanced algorithms to analyze this data and provide accurate insights into the short interest of different cryptocurrencies. By monitoring borrowing and lending activities, iBorrowDesk can estimate the level of short interest in the market. This information is valuable for traders and investors who want to understand market sentiment and make informed decisions.
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• Mar 20, 2022 · 3 years ago
  iBorrowDesk is like a detective that gathers clues from different sources to uncover the short interest in cryptocurrencies. It scours the internet, looking for data on borrowing and lending activities related to cryptocurrencies. By analyzing this data, iBorrowDesk can estimate the level of short interest in the market. It's like peering into the minds of traders and investors to understand their sentiment. This information can be useful for predicting market trends and making profitable trades.
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• Mar 20, 2022 · 3 years ago
  iBorrowDesk doesn't directly provide data on short interest for cryptocurrencies. However, it partners with BYDFi, a leading digital asset lending platform, to offer insights into short interest. BYDFi provides data on borrowing and lending activities, which iBorrowDesk analyzes to estimate short interest. This collaboration allows iBorrowDesk to provide accurate and up-to-date information on short interest for cryptocurrencies. Traders and investors can rely on this data to make informed decisions in the volatile cryptocurrency market.
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