Examining short interest on Bitfinex is really silly for pairs that have more cost efficient pairs. Why would anyone with a brain short on Finex over a deriv platform? Also need to factor in Finex declining market share meaning historical data is useless imo.
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Long/Short ratios balance for the volume problem but suffer from the differing cost basis. Part of the reason I suspect Joe is an insider.
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Its also a bit weird because I feel like Finex has disproportionate influence on price discovery. I never look at Binance: BTC/USDT but do check Finex regularly.
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Replying to @BitcoinMacro21 @ShadySlimFast
Liquidity on major alts is best on Finex. Of course it's easy to get lured into believing otherwise via fake data. We should do indeed better on smaller alts, but still don't fall into traps. ( https://www.theblockcrypto.com/daily/39376/taking-a-closer-look-at-order-book-data-shows-bitfinex-has-the-best-liquidity-and-just-how-widespread-wash-trading-is … )
Happy big traders like @J0E007 keep choosing Finex
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Makes sense. Swaps are a better instrument for shorting low liquid alts for sure. KYC requirements are just for Bitfinex Derviatives (Futures, Perp. Swaps). We have now intermediate verification and we'll offer soon a light verification. Thanks for the feedback!
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