Short sellers borrowing large amounts of BCH at Binance

Apparently unfazed by the recent short squeeze, short sellers are doubling down on BCH.

Over the past week, Binance has raised interest rates for BCH from 3% to 4.5%, and over 50,000 BCH has been deposited.

Such a large short position in something that is known to be targeted for short squeezes is incredibly risky. Fun times ahead.

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5 thoughts on “Short sellers borrowing large amounts of BCH at Binance”

  1. Their position probably can’t be covered.

    I suspect some of these guys were so pro-BTC over BCH they made “BCH died or we do” short bets

  2. > Such a large short position in something that is known to be targeted for short squeezes is incredibly risky. Fun times ahead.

    I think I know a whale that would be interested in this information…

  3. They usually short BCH and long BTC.

    So if they lose their BCH bet but BTC also goes up , they transfer the BTC profits to BCH holders.

    If BCH goes up and BTC does not, then they get margin called.

  5. Only 4.57% for BCH? That’s embarrassingly little. There are more interesting rates elsewhere:

    • OKX Earn: 10%
    • Huobi Earn: 10%
    • …
    • Gate.io Lend & Earn: 10%
    • Kucoin Lend & Earn: 32%
    • …
    • Binance Loans (30 day): 25%
    • Binance Margin Borrow: 80%
    • …

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