Bitcoin spot buying outpacing futures despite leverage hitting ATH

Date:

Bitcoin (BTC) perpetual contracts denominated in Tether USD (USDT) show signs of overleveraging, with “open interest to USDT reserve ratio” reaching an all-time high at 0.593 on Nov. 10, according to CryptoQuant data. The firm’s CEO, Ki Young Ju, said the current levels are 2.7x higher than in February when the ratio crossed the dangerous zone […]
The post Bitcoin spot buying outpacing futures despite leverage hitting ATH appeared first on CryptoSlate…

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Threads is testing out advanced search features and AI summaries for trending topics

Threads is making more changes to address long-running complaints...

Black Friday speaker deals for 2024 include up to 55 percent off JBL, Marshall, Sonos, Echo and more

Earbuds are nice, but a portable speaker can bring...

Here’s your first chance to try Microsoft’s Recall feature on Copilot+ PCs

Microsoft is opening up access to its controversial Recall...

Overwatch’s new hero is Hazard, the spiky Scotsman you’ve been waiting for

Overwatch 2’s newest hero is a tank with surprising...