WhaleWire founder: Excessive leverage in the crypto market could trigger a major crash

According to Odaily Planet Daily, WhaleWire founder Jacob King stated that the current high leverage ratio in the crypto market poses an inevitable risk of a crash. He noted that despite Bitcoin's mere 1% drop, liquidations exceeded $360 million in the past 24 hours, with over $100 million liquidated in the past 60 minutes. This phenomenon highlights the systemic risks that excessive leverage can pose when the market approaches historical highs.