CryptoQuant founder, Ki Young Ju, announced on social media that the current BTC-USDT perpetual futures market has reached its highest leverage level ever, which is 2.7 times higher than it was at the beginning of the year. He expressed his uncertainty about the future price of Bitcoin but warned that when leveraged investments start to unwind, it could cause significant pain for investors.
Despite this, Young Ju remains optimistic about Bitcoin’s long-term prospects.
