CryptoQuant.com founder: Bitcoin-Tether future market is becoming over-leveraged
2024-10-17 10:21:30
CryptoQuant.com founder and CEO Ki Young Ju posted on social media, "The Bitcoin-Tether futures market is becoming over-leveraged. Calculated by dividing the BTC-USDT unpositioned squaring contracts by the $USDT reserves of major exchanges. This includes ETH and TRON-based USDT, which together account for 97% of the USDT market cap, so quite accurate."
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