PANews, October 13 - According to Zack, an on-chain data analyst at Galaxy, although the open interest of perpetual futures (Perps OI) has significantly decreased, the on-chain open borrowing has only slightly declined. After reaching a historical high of $43.82 billion on October 7, the on-chain open borrowing dropped to $38.6 billion as of October 12, a decrease of $5.22 billion, with a fall of 11.91%.
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Data: On-chain borrowing has only decreased by 11.91% from its peak.
PANews, October 13 - According to Zack, an on-chain data analyst at Galaxy, although the open interest of perpetual futures (Perps OI) has significantly decreased, the on-chain open borrowing has only slightly declined. After reaching a historical high of $43.82 billion on October 7, the on-chain open borrowing dropped to $38.6 billion as of October 12, a decrease of $5.22 billion, with a fall of 11.91%.