Ki Young Ju, the founder of CryptoQuant, posted on X platform that the current BTC-USDT perpetual contract market leverage ratio has reached a historic high, 2.7 times higher than at the beginning of the year. Ki Young Ju added that he is uncertain how high the price will rise, but when leverages of this scale begin to liquidate, the pain will not be small, but he still holds a long-term bullish view at present.

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