In today’s briefing:
- Crypto Crisp: Profit-Taking
Crypto Crisp: Profit-Taking
- 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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