The total leverage ratio of the crypto assets market (margin debt/total assets) has risen to 38%, setting a new historical high.



On May 2025, the single-day liquidation exceeded 800 million USD, with 90% coming from leveraged long position liquidations. More dangerously, the top 100 Bitcoin addresses hold 81% of the circulating supply, and the concentration of institutional holdings exacerbates the "stock-like" characteristics.

The balance of ETH exchanges has dropped to 4.9% of the total supply (historical low of 4), which reduces selling pressure, but if the market turns to panic, liquidity may contract rapidly. Derivatives market leverage risk: the open interest has reached $52.6 billion, with a high proportion of high-leverage long positions, which may trigger a chain liquidation due to price correction.

According to the halving cycle theory, Bitcoin typically reaches its peak 500-720 days after the halving (2025 Q3-Q1) (Q3: usually includes July, August, and September, a total of 92 days).

It is recommended to keep positions within 5% of the loss that can be tolerated and to use option combinations to short hedge tail risks.

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Discoveryvip
· 08-10 01:42
Watching Closely 🔍
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APersonIsAGuestAtvip
· 08-10 01:37
Hurry up and enter a position!🚗
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Ybaservip
· 08-10 01:27
Buckle up, we are about to To da moon 🛫
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Muhengivip
· 08-09 19:36
HODL Tight 💪
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Ryakpandavip
· 08-09 10:37
Just go for it💪
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