Ki Young Ju, founder and CEO of CryptoQuant.com, posted on social media that "the Bitcoin-Tether futures market is becoming overly leveraged. The calculation method divides the BTC-USDT open interest by the $USDT reserve of major exchanges. This includes ETH and TRON-based USDT, which together account for 97% of the USDT market value, so it is quite accurate."
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CryptoQuant.com founder: Bitcoin-Tether futures market is becoming over-leveraged
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