While bitcoin's year-to-date rally has brought the derivatives market back to life, the overall use of leverage remains muted. Chart of the Day explains, presented by cryptocom:
Bitcoin has surged 70% this year, hitting nine-month highs of over $29,000. While the sharp rally has brought the derivatives market back to life, the overall use of leverage remains muted, suggesting a low risk of "liquidations-induced" wild price swings.
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