CryptoDaily Briefs

Daily Brief Crypto: Crypto Crisp: Profit-Taking and more

In today’s briefing:

  • Crypto Crisp: Profit-Taking

Crypto Crisp: Profit-Taking

By Mads Eberhardt

  • Recently, we have voiced our concerns about the excessive use of leverage in the crypto market.
  • Just last week, traders were facing annual rates of up to 150% to maintain long positions in Bitcoin on the perpetual market.
  • By the end of the week, it became evident that this approach was unsustainable, leading to a significant market correction and extensive liquidations in the futures market.

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