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CryptoQuant CEO: Whales only use a lot of leverage at cyclical bottoms, and the current market is not over-leveraged

CryptoQuant CEO Ki Young Ju wrote on the X platform that whale users only use a lot of leverage at cyclical bottoms. Ironically, when whales go long, the bitcoin market becomes over-leveraged and the trend rebounds. It would be great if whale users were too leveraged, but that's not the case now. We need to trade like whales