I've been active in the DASH lending market for quite a while now, since I stumbled upon it about 6 to 8 months ago (time goes so fast in crypto...feels like ages...) on a crazy day when daily interest rates had went absolutely berserk. I've seen over 4% daily rates that day and thought I was in usury heaven. I simply could not believe how one could possibly be so desperate to short the DASH market with no obvious reason other than some developing positive chart formation for DASH. It had since normalised to levels that felt reasonable (around 0.03% daily) to me but those periods where interrupted now and then with strange bursts of activity I could in no way correlate to any particular event, other than it kept happening when DASH was starting to rise because of some positive news or development. I`m completely aware that my observations are completely subjective and I might be victim of severe confirmation bias, but to me it always "felt" like a kind of irrational supression.
The most recent DASH announcement was a perfect example. Nothing to go sell your house and go long DASH, granted, but still no reason whatsoever to massively short it at insane prices of 2% daily.
Now all of a sudden the market has a supply (well over 25K Dash) I really think I had never seen before:
A few days earlier, just when the DASH announcement came out, you could get deals like these:
Now the funny thing is, that this happens exactly the same day, when Monero has an epic rally with a massive volume of almost 30K BTC as I write.
Hm. Who hates DASH but has now better things to do and a lot of BTC from Steemit Cashouts?