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TechFlow reports, on October 17, Ki Young Ju, founder and CEO of CryptoQuant.com, posted on social media stating, "The Bitcoin-Tether futures market is becoming excessively leveraged. The calculation divides BTC-USDT open interest by the $USDT reserves held at major exchanges. This includes both ETH-based and TRON-based USDT, which together account for 97% of USDT's market capitalization, making it a fairly accurate measure."
On October 17, Ki Young Ju, founder and CEO of CryptoQuant.com, posted on social media: "The Bitcoin-Tether futures market is becoming excessively leveraged. The calculation method involves dividing the BTC-USDT open interest by the $USDT reserves held on major exchanges. This includes both ETH-based and TRON-based USDT, which together account for 97% of USDT's market capitalization, making this estimate quite accurate."
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