Bitcoin Futures Market Sees Reduced Leverage and Increased USDT Balances
12/11/2024 10:11:18 AM
According to Ki Young Ju, leverage in the Bitcoin market is easing, as evidenced by a 7% decline in BTC-USDT futures open interest from its peak. Concurrently, USDT balances held by exchanges have increased by 32% over the past month. This trend suggests that if the deposited USDT is intended for futures trading, the increased USDT collateral could help mitigate the risk of cascade liquidations. (Source)
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