CryptoQuant CEO: Recently, the amount of BTC flowing into futures exchanges has decreased
ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju released a bitcoin data briefing on the X platform, pointing out: The current average cost of bitcoin wallets is about $55,900, with holders enjoying an average profit margin of approximately 93%, and on-chain capital inflows remain strong.
Recently, the amount of bitcoin flowing from spot exchanges to futures exchanges has dropped significantly, which means that whales are no longer actively using bitcoin as collateral to open new long positions as they did before. Although the price of bitcoin has fallen recently, its leverage ratio remains very high.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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