Crypto.com CEO: Bitcoin may need to be deleveraged before it hits $100,000

Odaily News Kris Marszalek, co-founder and CEO of Crypto.com, warned that the current Bitcoin leverage (the amount of borrowed funds used to trade positions) has reached an unsustainable level. He wrote on X: "Before hitting $100,000, leverage needs to be cleaned up. Please manage risks carefully." CryptoQuant data shows that the estimated leverage ratio of Bitcoin on all cryptocurrency exchanges is 0.217, the highest level since October 2023. (Cointelegraph)