🧵👇 How can you capitalise on this trading opportunity? 🔸The spike in this metric over the past few months is worrying, it may suggest that traders are running out of cash and are resorting to leveraging against their BTC as the last means of increasing their exposure

🔸The trend is worrying in a sense that should coin-margined contracts become dominant, we may see frequent volatility-boosting liquidations cascades 🔹 Such events were common before September 2021, when coin-margined contracts accounted for >50% of the global open interest