Bitwise CIO Sees Decrease in Aave’s USDT Borrowing Rates, Suggesting Market Bottom

Matt Hougan, Chief Investment Officer at Bitwise, has indicated a significant drop in the borrowing rates for USDT on the Aave platform. He shared this information on social media and reported that the annualized interest rate has fallen to approximately 3.2%. This decline reflects a notable shift since the period following the elections. Mr. Hougan believes this trend signals the market may be near its trough.