CryptoQuant.com founder: Bitcoin-Tether futures market is becoming over-leveraged
Ki Young Ju, founder and CEO of CryptoQuant.com, posted on social media that "the Bitcoin-Tether futures market is becoming overly leveraged. The calculation method divides the BTC-USDT open interest by the $USDT reserve of major exchanges. This includes ETH and TRON-based USDT, which together account for 97% of the USDT market value, so it is quite accurate."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pantera Partners: Which DePIN projects have real revenue?DePin Case Studies
Some DePIN projects achieve sustainable profitability by solving existing problems, even without relying on the flywheel effect of token economics.
Cardano Partners With Barcelona to Enhance Fan Interaction
XRP Ledger v2.3.0 Upgrade to 2.3.0: Essential Changes and 80% Server Upgrade Milestone
Best New Meme Coins with 1000X Potential: BTFD Coin’s Presale Rally Sparks Buzz While Pudgy Penguins and Osaka Protocol Thrive
Trending news
MoreCrypto prices
More
