CryptoQuant Analyst: Excessive leverage and slowing down of buying caused BTC price to fall this morning
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2024-12-06 15:32 814
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Golden Finance reported that CryptoQuant analyst Maartunn posted a post on social media analyzing the reasons for the fall in BTC prices this morning, including:
· Binance platform’s net taker trading volume shows a large number of selling orders and buying power has slowed down
· BTC’s surge is driven by leverage, with open interest increasing by more than 15%
· The above two signals are superimposed when the market sentiment is extremely greedy.