CryptoQuant Founder: The Leverage Pressure in the Bitcoin Market is Easing

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that the leverage pressure in the Bitcoin market is easing. The open interest of BTC-USDT futures has decreased by 7% from its peak, while the USDT balance held by exchanges has surged by 32% over the past month. If the deposited USDT is used for futures trading, more USDT collateral helps to reduce the risk of chain liquidations.