• Traders can tell when whales go long by monitoring borrowing patterns on Aave/Compound.
• Four whales have used this borrowing strategy in the last 24 hours.
• Whales’ borrowing is similar to using margin or leverage on centralized exchanges.

Traders can tell when whales go long by monitoring the Aave/Compound stablecoin borrowing pattern, according to The Data Nerd, an onchain data analyst. According to the analyst, four whales have used this strategy in the last 24 hours.

In a Twitter thread, The Data Nerd explained that similar to using margin or leverage on centralized exchanges (CEX), whales would go long by borrowing stablecoin using Aave or CompoundFinance. They would follow this up by using the amount to buy assets on decentralized exchanges (DEX) or to deposit to CEX. They repeat the cycle and use it as a profitable system in the cryptocur…

The post Analyst Predicts Trends Using Whales’ Onchain Borrowing Data appeared first on Coin Edition.

• Traders can tell when whales go long by monitoring borrowing patterns on Aave/Compound.
• Four whales have used this borrowing strategy in the last 24 hours.
• Whales’ borrowing is similar to using margin or leverage on centralized exchanges.

Traders can tell when whales go long by monitoring the Aave/Compound stablecoin borrowing pattern, according to The Data Nerd, an onchain data analyst. According to the analyst, four whales have used this strategy in the last 24 hours.

In a Twitter thread, The Data Nerd explained that similar to using margin or leverage on centralized exchanges (CEX), whales would go long by borrowing stablecoin using Aave or CompoundFinance. They would follow this up by using the amount to buy assets on decentralized exchanges (DEX) or to deposit to CEX. They repeat the cycle and use it as a profitable system in the cryptocur…

The post Analyst Predicts Trends Using Whales’ Onchain Borrowing Data appeared first on Coin Edition.