CryptoQuant CEO Ki Young Ju highlighted a rapid decrease in the leverage ratio within the BTC/USDT perpetual futures market. This drop reverses the excessive long leverage buildup linked to MicroStrategy inflows and spot Bitcoin ETF approvals from the past two years. The leverage ratio is predicted to return to January 2024 levels, before spot ETFs were approved.
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[IMPORTANT] CryptoQuant CEO Notes Significant Decline in BTC/USDT Futures Leverage to Pre-ETF Levels
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