Part 10/13:
Market participants are also navigating the perilous waters of leverage trading. Recent data reveals that over $283 million worth of leverage longs were liquidated in a single 24-hour period, highlighting the high-risk environment and the potential for sharp reversals.
Interestingly, Ethereum did not benefit as expected from the Hong Kong ETF excitement; many leveraged ETH longs were wiped out, showing that market sentiment remains highly volatile and sensitive to macro news.