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CryptoQuant.com founder and CEO KiYoungJu posted on social media that the Bitcoin Tether futures market is becoming excessively leveraged. The calculation method is to divide the BTC-USDT open interest contracts by the $USDT reserve of major exchanges. This includes ETH and TRON based USDT, which together account for 97% of the USDT market value, making it quite accurate. @esuww19dyo @seungyeon
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