CryptoQuant CEO: Stay cautious, BTC-USDT perp market is overleveraged—2.7x higher than early this year

CryptoQuant’s CEO and co-founder Kim Young Ju revealed in an X post that the BTC/USDT perpetual market was over-leveraged. According to Young Ju, the current perpetual trading leverage is 2.7x more than at the beginning of the year. The CryptoQuant CEO also warned traders of possible risks their positions could have once the pair’s price unravels.

Source: Cryptopolitan