CryptoQuant CEO: Bitcoin market leverage cools down, USDT reserves in exchanges have surged 32% over the past month
On December 11, Ki Young Ju, the founder and CEO of CryptoQuant, posted on X that the leverage in the Bitcoin market is easing. The volume of outstanding BTC-USDT futures contracts has dropped by 7% from its peak, while at the same time, USDT balances on exchanges have surged by 32% over the past month. Ki Young Ju pointed out that if these additional USDTs are used for futures trading margins, it will help reduce the risk of cascading liquidations in the market.
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