CryptoQuant founder: BTC-USDT perpetual contract market leverage hits record high, still holds long-term bullish view
Ki Young Ju, the founder of CryptoQuant, posted on X platform that the current BTC-USDT perpetual contract market leverage ratio has reached a historic high, 2.7 times higher than at the beginning of the year. Ki Young Ju added that he is uncertain how high the price will rise, but when leverages of this scale begin to liquidate, the pain will not be small, but he still holds a long-term bullish view at present.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
States in the US are Competing! Another State Takes Action on Bitcoin (BTC) Reserves!
Alabama state auditor general Andrew Sorrell has proposed establishing a strategic Bitcoin reserve for the state.
After Today’s CPI Report, Former FED Member Mester Shares Prediction on Rate Cuts
Mester, who was once one of the influential figures of the FED, made important statements about the institution's interest rate policy.
HGS Application Hacked, Bitcoin (BTC) Demanded! Statement from PTT!
PTT's Fast Transit System (HGS) application was hacked and users were asked to send crypto money.
Data Platform Rootdata Ranks Top 15 Artificial Intelligence Projects by Market Value! Here Are the Details
The intersection of cryptocurrency and artificial intelligence has become a hot topic in recent months, sparking widespread debate and discussion.
Trending news
MoreCrypto prices
More
