Odaily News WhaleWire founder Jacob King stated that the current leverage in the crypto market is at a high level, posing an inevitable risk of collapse. He pointed out that although Bitcoin only fell by 1%, the liquidation scale in the past 24 hours still exceeded 360 million dollars, with the liquidation amount in just the last 60 minutes exceeding 100 million dollars. This phenomenon highlights the systemic risks that excessive leverage may bring when the market approaches historical highs.

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