
Los datos de CryptoQuant han revelado nuevos conocimientos sobre el estado predominante del mercado Bitcoin . Los datos señalan que el apalancamiento en Bitcoin está disminuyendo y los saldos de USDT mantenidos en las bolsas están aumentando. Los datos dan una posible impresión de que el riesgo de liquidación en cascada podría reducirse a medida que aumente la garantía del USDT.
El fundador y director ejecutivo de CryptoQuant, Ki Young Ju, compartió información valiosa sobre las condiciones predominantes del mercado en el ecosistema Bitcoin . Según el ejecutivo, el mercado Bitcoin está mostrando signos de un riesgo de liquidación en cascada decreciente, con el interés abierto en los futuros BTC-USDT ahora cayendo un 7% desde su máximo histórico registrado el 21 de noviembre. La reducción del interés abierto en los futuros BTC-USDT sugiere una posible disminución de las posiciones apalancadas, lo que podría conducir a un entorno de mercado más estable.
El apalancamiento en el mercado de #Bitcoin está disminuyendo.
El interés abierto de los futuros BTC-USDT ha bajado un 7% desde su máximo, mientras que los saldos de USDT en bolsa han aumentado un 32% en un mes.
Si el $USDT depositado es para operaciones de futuros, una mayor garantía en USDT reduce el riesgo de liquidación en cascada. pic.twitter.com/ASOUIH0x5U
- Ki Young Ju (@ki_young_ju) 11 de diciembre de 2024
Ki Young Ju also noted that USDT balances held in exchanges have risen by 32% in the last month. The executive highlighted that the USDT could be used as collateral for futures trading positions on the exchanges, therefore reducing cascade liquidation risks. The broader crypto market views the rising exchange-held USDT balances as a potential buffer against selling pressure from market participants.
According to additional data from the blockchain analytics firm, the leverage ratio, which divides global futures open interest by the number of coins held on exchanges, has also been declining since November 25th.
The metric has been on a progressive surge since August 12th, peaking at $0.2459 before dipping to $0.2237 as of December 10th. The recent decline in the Bitcoin Estimated Leverage Ratio shows a prevailing trend developing among investors toward lower leverage in the futures market.
Meanwhile, data from CryptoQuant also shows that Bitcoin reserves in all centralized exchanges have declined to an all-time low of 2.4 million BTC. The data also shows that the exchange reserves have been steadily declining since the beginning of the year.
Declining reserves indicate higher buying pressure, and investors are confident about the prevailing bullish market sentiment. The data also shows that investors prefer holding their assets in non-custodial wallets, showing more demand for Bitcoin.
Bitcoin demand is also evident on the U.S. spot Bitcoin exchange-traded funds, which currently hold $107.76 billion worth of Bitcoin, according to Sosovalue.

Bitcoin has risen 4.72% in the last 24 hours and 4.75% in the last seven days. According to CoinMarketCap, the crypto asset is currently retailing at $100,434 with a market cap of $1.988 trillion and a 24-hour trading volume of $95.6 billion.
TradingView also shows the asset trading between $104,082 and $90,589. However, the bulls appear to be in control of the market, and the asset is more likely to break the range and continue its upward trajectory that started in mid-September. The asset may find resistance at the top of the range, causing liquidations that may drive prices towards the bottom.
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