👍👍Bitcoin Correction May Be Imminent: Peaking Metric Is Sounding the Alarm! 👍👍
Ki Young Ju warned Bitcoin investors in a post on the X platform on November 13 that the leveraged position measurement called BTC-USDT perp (Bitcoin-Bridge USDT) has reached an all-time high. The CEO pointed out that the increased leverage increases the likelihood of a market correction, and said, “Not everyone can win all the time.”
The analyst, who stated that the leverage ratio in Bitcoin has increased by 2.7 times since the beginning of the year, called on investors to be cautious. "The BTC-USDT futures market has become overleveraged. It has been leveraged 2.7 times more since the beginning of the year and has reached an all-time high. I double-checked the data, it's correct. Be careful," he emphasized his warning.
Bitcoin, which has increased by 3% in the last 24 hours, is trading at $90,700 at the time of writing.
My dear friends, please do not withhold your free support. I try to bring you such news instantly. My only request from you is that if there is someone who still does not follow me, I would be happy if they did. Please do not forget to like my articles and posts. Thank you.
