🔥Crypto leverage is at a yearly high… but is a reset coming?
Crypto is holding surprisingly strong despite all the macro FUD, with total market cap still around $2.7T. But leverage is now at its highest level since October, which means too many traders are betting on more upside. 👀
$BTC also just got a short-term sell signal after its 8.5% rebound, while heavy sell orders are sitting near current levels.
A pullback could shake out overleveraged longs and clear the market.
But here’s the interesting part — #BTC is still showing strength against stocks and gold.
Sometimes the biggest pullback is what creates the next big move. 🚀
#Leverage #YearlyHigh $ETH
Crypto is holding surprisingly strong despite all the macro FUD, with total market cap still around $2.7T. But leverage is now at its highest level since October, which means too many traders are betting on more upside. 👀
$BTC also just got a short-term sell signal after its 8.5% rebound, while heavy sell orders are sitting near current levels.
A pullback could shake out overleveraged longs and clear the market.
But here’s the interesting part — #BTC is still showing strength against stocks and gold.
Sometimes the biggest pullback is what creates the next big move. 🚀
#Leverage #YearlyHigh $ETH
