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CryptoQuant CEO: Recently, the number of Bitcoin inflows to futures exchanges has decreased.
According to Mars Finance, CryptoQuant founder and CEO Ki Young Ju released a Bitcoin data briefing on the X platform, pointing out that the average cost of Bitcoin wallets is currently about $55,900, with holders having an average profit margin of about 93%, and on-chain capital inflows remain strong. Recently, the number of Bitcoins flowing from spot trading exchanges to futures exchanges has significantly decreased, indicating that Whales are no longer as actively using Bitcoin as Collateral to open new long positions as before. Despite the recent fall in Bitcoin prices, its leverage remains high.