People are paying > 2.5% interest to hedge BCH for 24 hours.

I'm always looking for costly market signals, and it's the first time I've seen the premium for a 24-hour hedge at >2.5%. That means those people are signing up to lose 2.5% of the value of their contract input, to hedge for only 24 hours.

[Disclaimer: These interest rates are dynamic and might be different by the time you click the link.]

I'm not sure about you, but I wouldn't pay 2.5% to hedge for 24 hours unless I knew something and was pretty sure of it!

Could be something. Might just be smoke and mirrors too. We shall see.

EDIT: After I wrote "I'm not sure about you, but I wouldn't pay 2.5% to hedge for 24 hours unless I knew something and was pretty sure of it!" the thought did occur that some people go YOLO on 7.8x longs on a whim, so maybe I'm reading way too much into it!