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TechFlow reported on October 12 that Cryptoquant analyst Maartunn posted on X, stating the current Bitcoin rally is being driven by leverage. The previous decline—from $64,000 to $59,000—was also caused by excessive leverage. Now, over $1.5 billion in leveraged positions is fueling the upward movement again, posing extremely high risks.
Cryptoquant analyst Maartunn said on X that the current Bitcoin rally is driven by leverage, and the previous decline (from $64,000 to $59,000) was also caused by excessive leverage. Now, over $1.5 billion in leverage is fueling the upward move again, posing extremely high risk.
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