CryptoQuant CEO cautions on record high leverage in BTC-USDT perpetual market

Ju Ki-young, CEO of CryptoQuant, shared on X that the BTC-USDT perpetual futures market has reached a leverage level 2.7 times higher than earlier in the year, setting a new record. After verifying the data, he advised caution, noting that while he remains optimistic in the long term, the unwinding of such high leverage could bring substantial challenges.