The Bitcoin market is experiencing some interesting changes! Ki Young Ju, the founder of CryptoQuant, recently shared some observations on the X platform. He pointed out that the leverage pressure in the Bitcoin market is easing, with the open interest in BTC-USDT futures contracts down 7% from its peak. 📉

Meanwhile, the USDT balance held by crypto exchanges surged by 32% over the past month. This means that more USDT may be used for futures trading, providing more collateral and helping to reduce the risk of cascading liquidations. 🔗

These changes may have some impact on the market, but how they develop specifically still needs to be observed. 🔍