In a recent statement, Kris Marszalek, Co-Founder and CEO of Crypto.com, expressed concerns regarding the escalating leverage ratio of Bitcoin. This ratio, which measures the extent of borrowed funds utilized for trading, has reportedly reached precarious levels. Marszalek emphasized the necessity for risk management, stating, “Leverage must be addressed before Bitcoin can approach the $100,000 mark.” Current CryptoQuant data indicates that the leverage ratio for Bitcoin across all cryptocurrency exchanges is 0.217, reflecting its highest value since October 2023. The implications of such high leverage ratios could lead to increased volatility in the market, highlighting the importance of cautious trading strategies at this juncture. As the cryptocurrency landscape evolves, stakeholders are urged to remain vigilant and evaluate their exposure to market fluctuations carefully.
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