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WhaleWire Founder: Excessive Leverage in the Crypto Market May Trigger a Major Collapse
Odaily News WhaleWire founder Jacob King stated that the current leverage in the crypto market is at a high level, posing an unavoidable risk of collapse. He pointed out that although Bitcoin has only fallen by 1%, the liquidation scale in the past 24 hours has still exceeded 360 million USD, with over 100 million USD liquidated in just the last 60 minutes. This phenomenon highlights the systemic risks that excessive leverage can bring when the market approaches historical highs.