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CryptoQuant CEO: The number of Bitcoins flowing from spot exchanges to futures exchanges has significantly decreased recently.
Odaily News 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 averaging a profit margin of about 93%. On-chain capital inflows remain strong, and the number of Bitcoins flowing from spot trading exchanges to futures exchanges has significantly decreased recently, which means that whales are no longer as actively using Bitcoin as collateral to open new long positions as they did before. Despite the recent fall in Bitcoin prices, its leverage remains high.