Borrowed money and cash money took opposite sides of Bitcoin in the week to Nov 14, 19:00 UTC.
On the global perp market, where positions run on leverage, traders hitting the bid outweighed those lifting the offer by -$2.41B. On the US spot venue, people buying coins outright at the asking price came out ahead by +$554M.
The last 24 hours alone repeated the split. Perp flow ran -$718M and spot flow +$190M, so leveraged selling was larger than the cash buying on both clocks.
On the global perp market, where positions run on leverage, traders hitting the bid outweighed those lifting the offer by -$2.41B. On the US spot venue, people buying coins outright at the asking price came out ahead by +$554M.
The last 24 hours alone repeated the split. Perp flow ran -$718M and spot flow +$190M, so leveraged selling was larger than the cash buying on both clocks.
