Few #Bitcoin    traders understand this:

If you want to long BTC with leverage. DON'T buy futures, buy spot BTC with margin.

EXPLAINER

(1) Buying futures can be fulfilled by any counter trader who has USD collateral, together you are minting new synthetic BTC to the supply which creates a bearish environment.

(2) When buying spot with margin (borrowed USD), only BTC holders can sell it to you. This creates a supply shortage and a very bullish environment.

BONUS

In a bull market it's much cheaper to fund a long position with borrowed USD or USDT than with calendar futures or perps.