Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

Crypto Crisp: Larry Fink vs. Gary Gensler

Senior Cryptocurrency Analyst, Steno Research

Mads Eberhardt

Senior Cryptocurrency Analyst

Crypto

<ul><li>Recently, we have voiced our concerns about the excessive use of leverage in the crypto market.</li><li>Just last week, traders were facing annual rates of up to 150% to maintain long positions in Bitcoin on the perpetual market.</li><li>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.</li></ul>

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.

Bitcoin

Crypto Crisp: Profit-Taking