CryptoQuant analyst: Excessive leverage and slow buying led to a drop in BTC prices this morning
CryptoQuant analyst Maartunn analyzed the reasons for the BTC price drop this morning on social media, including:
· Binance's net buy/sell trading volume showed a large amount of selling pressure and a slowdown in buying power
· The current surge in BTC was driven by leverage, with open interest increasing by more than 15%
· The combination of the above two signals occurred in a market sentiment of extreme greed
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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