Long squeeze?
This isn't all-inmarginlongdoubledownFINEX
Good luck shorting.
I wish Polo would announce the short/long ratios so people could see what is the situation.
The fact is, there have been a lot of bitcoins borrowed from me at pretty hefty rate and Moneros very few borrowed even with relatively moderate rates...
I am not shorting nor longing but lending since it is the only way the income is guaranteed.
However I am a little bit worried for the people who are margin longing Moneros at Poloniex.
I think I will get my bitcoins eventually paid back - anyway the 30 day maturity is running to the end soon so I will get the money back but I wonder if the borrower make any money if he or she waits until everybody start dumping and the bears will wake up.
Anyone can follow bull-bear ratios indirectly by following the rates one can borrow any currency.
This is partly flawed, because BTC could also be borrowed to go long on coins different than XMR.
If you look at the volumes they are trading with other coins the total volume of trading with other coins that can be margin traded is hardly achieving the volume of XMR.
I am not saying here BTC is not used to margin trade other coins but it is traded much less to other coins than XMR.
Judging the huge premium on lending btc over lending xmr and having seen the difference in trading volumes in all the coins I can say it is not only XMR that is longed.