BTC-USDT Futures Market Over-Leverage: Insights from CryptoQuant Founder Ki Young Ju

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

According to COINOTAG on October 17, renowned data analyst Ki Young Ju, founder of CryptoQuant, cautioned that the BTC-USDT futures market is exhibiting signs of over-leverage. By assessing the ratio of open interest in BTC-USDT contracts against the USDT reserves held on major exchanges, a concerning trend has emerged. This analysis includes the USDT supply across the Ethereum and TRON networks, which collectively comprise 97% of USDT’s total market capitalization, making the findings particularly noteworthy. Such a high level of leverage can increase volatility and risk within the crypto trading ecosystem, prompting investors to exercise caution as they navigate the complexities of cryptocurrency investments.