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TechFlow reported on December 11 that Ki Young Ju, founder and CEO of CryptoQuant, stated on X that leverage in the Bitcoin market is easing. The open interest in BTC-USDT futures has declined by 7% from its peak, while exchange USDT balances have surged by 32% over the past month.
Ki Young Ju noted that if these additional USDT holdings are used as margin for futures trading, it could help reduce the risk of cascading liquidations in the market.
CryptoQuant CEO Ki Young Ju posted on X that leverage in the Bitcoin market is easing. The open interest in BTC-USDT futures has decreased by 7% from its peak, while exchange USDT balances have surged by 32% over the past month. Ki Young Ju noted that if these additional USDT holdings are used as margin for futures trading, it could help reduce the risk of cascading liquidations in the market.
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