CryptoQuant CEO: Bitcoin market leverage has cooled down, and the exchange's USDT reserves have surged 32% in the past month
Ki Young Ju, the founder and CEO of CryptoQuant, stated on X that Bitcoin market leverage is easing. The amount of BTC-USDT futures open contracts has decreased by 7% from its peak, while the USDT balance on exchanges has surged by 32% in the past month. Ki Young Ju pointed out that if this additional USDT is used as margin for futures trading, it will help reduce the risk of cascading liquidation in the market.
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