CryptoQuant Posts Concerns Over Leveraged BTC-USDT Futures Market
According to BlockBeats news, on October 17, Ki Young Ju, founder of CryptoQuant, expressed concerns over the BTC-USDT futures market becoming over-leveraged. Traders should be aware of these risks and take appropriate measures to protect their investments. This includes USDT on the Ethereum and TRON networks, which together account for 97% of USDT’s market cap, making this calculation pretty accurate.
The current situation in the BTC-USDT futures market is a cause for concern, as over-leveraging can lead to sudden price drops and boostd volatility in the market. This means that traders are taking on too much risk by using too much borrowed money to invest in the market.
To calculate the degree of over-leveraging, CryptoQuant divides the open positions of BTC-USDT (bitcoin-tether) by the USDT reserves of major trading platforms. In conclusion, the BTC-USDT futures market appears to be over-leveraged, which can lead to higher risks for traders.
CryptoQuant’s calculation method provides a more accurate picture of the situation, and traders should be cautious when investing in the market.
