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CryptoQuant analyst: Excessive leverage and slowing buying led to a decline in BTC prices this morning

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2024-12-06 07:26:18
CryptoQuant analyst Maartunn posted on social media to analyze the reasons why BTC prices fell back this morning, including:
· Binance platform net order volume shows a large amount of selling, and buying power has slowed down
BTC's surge is driven by leverage, with unpositioned squaring contracts up more than 15%
The above two signals are superimposed when market sentiment is extremely greedy
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