CryptoQuant Founder: Bitcoin -Tether Futures Market Is Becoming Overleveraged
In Bitget news, CryptoQuant Founder and CEO Ki Young Ju said in a social media post, “The Bitcoin -Tether futures market is becoming over-leveraged. Calculated by dividing the BTC-USDT open position by the $USDT reserves of the major exchanges. This includes ETH and TRON-based USDT, which together make up 97% of USDT's market capitalization, so it's fairly 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.
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