, 3 tweets, 1 min read
When everyone wants to sell, it’s hard to even find someone to borrow from.
2/ To explain: when lending, you’re staying long. So if $HBAR investors are hoping to exit before underwater, then they’re not going to want to lend, as that makes them illiquid again. If almost everyone wants to exit, then there are very few lenders & hence the high rate.
3/ I agree with @louAboudHogben, we’re going to see this a lot in the coming quarters with cryptonetworks that tried to set too high a valuation in the private markets.

Similar things happening in the private equity markets, too...
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