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Cryptoslate
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Bitcoin spot buying outpacing futures despite leverage hitting ATH
- Bitcoin perpetual contracts denominated in USDT show signs of overleveraging.
- The open interest to USDT reserve ratio reached an all-time high at 0.593.
- CEO Ki Young Ju believes there will be a painful pullback once the leverage unwinds.
- Spot buying on Coinbase's market is driving Bitcoin's current rally.
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