On December 11, PANews reported that Ki Young Ju, the founder and CEO of CryptoQuant, tweeted that the leverage in the Bitcoin market is easing. The open interest for BTC-USDT futures has decreased by 7% from its peak, while the USDT balance held by exchanges has surged by 32% in a month. If the newly deposited USDT is used for futures trading, then more USDT as collateral will help reduce the likelihood of cascading liquidations in the market.
