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TRX $0.3385 +0.35%
DOGE $0.0900 +0.54%
ADA $0.2190 +0.72%
BCH $258.45 +0.17%
LINK $12.49 -1.18%
HYPE $85.84 +2.04%
AAVE $128.87 -1.84%
SUI $0.8124 -0.81%
XLM $0.1887 -0.73%
ZEC $1,217.25 +7.59%

Mechanism Capital co-founder: ETH leverage has risen to levels seen during the ETF hype, which may put pressure on ETH

2024-10-10 17:00:23

ChainCatcher news, Mechanism Capital co-founder Andrew Kang posted on X platform stating: "ETH leverage has risen to the levels seen during the ETF hype. Is there a good reason to explain that this phenomenon is driven by directionless long positions? If not, this will put pressure on ETH."

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