Send any one!
The topic is: look at the market situation from the demand deposit interest rate of USDT!
The annualized interest rate of my OK current simple coin earning will start from October 26, 2023. The single hourly interest rate can jump from time to time to 40%, 58%, etc., up to 65%, and I can earn 20-50u in interest every day.
Later, around January 8, it suddenly started to drop to 5%, and the lowest was 1%.
Then, after the Bitcoin ETF passed, the interest rate hovered around 1% to 5%.
The market’s fear and greed index has finally dropped to neutral!
Conclusion: Don’t know. Hahaha.
Although this cannot judge anything, it can be used as an indicator to judge market trends. After all, the interest rate of demand deposits fluctuates every hour. The principle is to take the money of demand depositors and lend it to people who lend money or increase leverage in the market. If you are speculating in currencies, you can go with the trend and don't go against the market.
Finally, I wish you all good luck!
