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Derivative Exchanges reserve continues to rise
By monitoring the Derivative Exchanges of Bitcoin, we find that the supply on the future exchanges has increased since the beginning of this month! This huge rise in the futures exchanges can be used as liquidity to open long or short positions, which is not good for the short-term. With the increase in liquidity on the futures exchanges, we also find a significant increase in the financial leverage ratio, which is a historical rise in financial leverage! The leverage is always on the rise, but the correction gives us some guaranteed speculative rebounds, but now the market is very high risk. Bitcoin Funding Rates indicator is negative until the moment, and the bears dominate the market so far, and they can easily put more sell pressure.