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CryptoQuant Analyst: Bitcoin futures leverage hits a five-year high, which may intensify market fluctuations and Get Liquidated risks.
Odaily News CryptoQuant analyst Axel Adler Jr posted on the X platform, indicating that the estimated leverage ratio (ELR) for Bitcoin futures 30-day change in August 2025 has risen to its highest in five years, breaking the +0.4 threshold, a level that historically often coincides with high leverage and periods of market fragility. This means that as prices approach historical highs, there could be a large influx of leveraged positions in the futures market, potentially leading to increased fluctuations and a heightened risk of getting liquidated.
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