PANews reported on November 2nd that Ki Young Ju, founder and CEO of CryptoQuant, released a Bitcoin data briefing on the X platform, noting that the average cost per Bitcoin wallet is currently around $55,900, with holders averaging a 93% profit margin, and on-chain fund inflows remain strong. Furthermore, the amount of Bitcoin flowing from spot exchanges to futures exchanges has decreased significantly recently, indicating that whales are no longer actively using Bitcoin as collateral to open new long positions, and despite the recent price drop, leverage ratios remain high.PANews reported on November 2nd that Ki Young Ju, founder and CEO of CryptoQuant, released a Bitcoin data briefing on the X platform, noting that the average cost per Bitcoin wallet is currently around $55,900, with holders averaging a 93% profit margin, and on-chain fund inflows remain strong. Furthermore, the amount of Bitcoin flowing from spot exchanges to futures exchanges has decreased significantly recently, indicating that whales are no longer actively using Bitcoin as collateral to open new long positions, and despite the recent price drop, leverage ratios remain high.
CryptoQuant CEO: The amount of Bitcoin flowing from spot exchanges to futures exchanges has decreased significantly recently.
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PANews reported on November 2nd that Ki Young Ju, founder and CEO of CryptoQuant, released a Bitcoin data briefing on the X platform, noting that the average cost per Bitcoin wallet is currently around $55,900, with holders averaging a 93% profit margin, and on-chain fund inflows remain strong. Furthermore, the amount of Bitcoin flowing from spot exchanges to futures exchanges has decreased significantly recently, indicating that whales are no longer actively using Bitcoin as collateral to open new long positions, and despite the recent price drop, leverage ratios remain high.
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