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 […]
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Bitcoin spot buying outpacing futures despite leverage hitting ATH
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