Ethena's Deployed Capital Slumps as Demand for Leverage Dries Up
An analysis from WuBlockchain shows basis trade capital at record lows as hedging crowds out leveraged longs, pushing derivatives markets toward an unusual equilibrium.
By: yyctrader •
Research & Opinion
An analysis from WuBlockchain shows basis trade capital at record lows as hedging crowds out leveraged longs, pushing derivatives markets toward an unusual equilibrium.
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