CryptoQuant analyst: Excessive leverage and slowing buying led to a decline in BTC prices this morning
CryptoQuant analyst Maartunn posted on social media to analyze the reasons why BTC prices fell back this morning, including:
· Binance platform net order volume shows a large amount of selling, and buying power has slowed down
BTC's surge is driven by leverage, with unpositioned squaring contracts up more than 15%
The above two signals are superimposed when market sentiment is extremely greedy