02:50
WhaleWire Founder: Excessive Leverage in the Crypto Market May Trigger a Major Collapse
Odaily News WhaleWire founder Jacob King stated that the current leverage rate in the crypto market is at a high level, posing an inevitable risk of a crash. He pointed out that although Bitcoin has only fallen by 1%, the liquidation scale in the past 24 hours has still exceeded 360 million USD, with the liquidation amount in the last 60 minutes alone exceeding 100 million USD. This phenomenon highlights the systemic risks that excessive leverage may bring when the market approaches historical highs.
BTC-2.34%