👀👀Bitcoin Updates! 2021 - 2024 🚀🚀
The Bitcoin futures market is seeing a significant change. Margined futures open interest using BTC as collateral has dropped from 70% in early 2021 to less than 20% by mid-2024, according to Glassnode.
This indicates a growing preference for using more stable collateral like USD or stablecoins to mitigate Bitcoin's price volatility risks.
