CryptoQuant CEO: Recently, the number of BTC inflows to futures exchanges has decreased

CryptoQuant founder and CEO Ki Young Ju released a Bitcoin data brief on the X platform, which pointed out that: the average cost of Bitcoin wallets is currently about $55,900, holders have an average profit margin of about 93%, and on-chain capital inflows remain strong.

Recently, the number of Bitcoins flowing from spot exchanges to futures exchanges has significantly decreased, 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 drop in Bitcoin prices, its leverage remains high.