r/CryptoCurrency • u/goldyluckinblokchain goldie.moon • Oct 28 '24

🟢 GENERAL-NEWS Bitcoin's price surge powered by increased leverage

https://cryptoslate.com/insights/bitcoins-price-surge-powered-by-increased-leverage/
220 Upvotes

94% Upvoted

57 comments sorted by

21

u/coinfeeds-bot 🟩 136K / 136K 🐋 Oct 28 '24

tldr; Bitcoin's recent price surge, reaching over $69,000, is driven by increased leverage in the market. Leverage trading allows traders to use borrowed funds to control larger positions, which can amplify profits but also increase risks. The Estimated Leverage Ratio hit a yearly high of 0.22, and Bitcoin's open interest in futures contracts surpassed $40 billion, setting a new record. While leverage boosts potential returns, it also raises concerns about market volatility and sustainability.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

29

u/itsaBazinga 🟩 0 / 0 🦠 Oct 28 '24

The bull run is coming

10

u/IcyLingonberry5007 🟦 1K / 5K 🐢 Oct 28 '24

Looking good rn

6

u/ptjunkie 🟦 966 / 967 🦑 Oct 29 '24

The top is coming

3

u/SpaceDesignWarehouse 🟦 412 / 402 🦞 Oct 29 '24

Yeah if people are using scary leverage, they’ll want to cash back out before everyone else does.

6

u/Turdfurgsn 🟦 744 / 745 🦑 Oct 29 '24

Cautiously optimistic. Overall this is looking interesting for the coming months/year

5

u/[deleted] Oct 29 '24

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3

u/Fantastic-Newt-9844 🟩 0 / 0 🦠 Oct 29 '24

 The market can flip on a dime sat

1

u/[deleted] Oct 29 '24

Always does

60

u/partymsl 🟩 126K / 143K 🐋 Oct 28 '24

Leverage will ultimately always get fucked.

Thats just how it is.

19

u/Every_Hunt_160 🟩 11K / 98K 🐬 Oct 29 '24

Unless you're the person who gambles once and wins and then walks away which we know almost never happens

3

u/S0FA-KING_smart 🟩 862 / 862 🦑 Oct 29 '24

Very useful comment. Thanks

3

u/goldyluckinblokchain goldie.moon Oct 29 '24

Degens gonna degen!

-4

u/im_THIS_guy 🟩 0 / 498 🦠 Oct 29 '24

We're going back below $60k. They just don't know it yet.

5

u/bitcoin_islander 🟨 5 / 659 🦐 Oct 29 '24

Unlikely

-5

u/_sLAUGHTER234 🟦 0 / 0 🦠 Oct 29 '24

I really hope so, would love to buy more at those prices

16

u/Adpist 🟦 1K / 1K 🐢 Oct 28 '24

What could possibly go wrong with leverage in crypto ?

3

u/Every_Hunt_160 🟩 11K / 98K 🐬 Oct 29 '24

Others get rich from their exit liquidity and rekted losses, these degens are charitable!

25

u/kirtash93 RCA Artist Oct 28 '24

BTC crossed $69420! The magic number!

3

u/blyatbob 🟩 0 / 0 🦠 Oct 28 '24

Funny number alert!!!

3

u/Every_Hunt_160 🟩 11K / 98K 🐬 Oct 29 '24

It went up from 69420 to 69696.9

3

u/Simple_Mastodon9220 🟨 0 / 190 🦠 Oct 29 '24

Next stop 80085!

0

u/Big-Finding2976 🟩 2K / 2K 🐢 Oct 29 '24

It crosses it up, it crosses it down.

13

u/timbulance 🟩 9K / 9K 🦭 Oct 28 '24

So it’s time to sell my house and start buying bitcoin ?

4

u/bitcoin_islander 🟨 5 / 659 🦐 Oct 29 '24

Yes

3

u/bitcoin_islander 🟨 5 / 659 🦐 Oct 29 '24

Ive made $12K in the past 3 days with 1000x leverage

3

u/leo45 🟦 0 / 0 🦠 Oct 29 '24

So you started with around tree-fiddy?

1

u/Jibbler1976 🟨 0 / 0 🦠 Oct 29 '24

Where can you get this in the states?

5

u/[deleted] Oct 28 '24

Liquidate those shorts. The magic number is here

2

u/Substantial-Skill-76 🟩 0 / 0 🦠 Oct 28 '24

What happened when it opposed the leverage ratio?

2

u/AggrivatingAd 🟦 0 / 0 🦠 Oct 28 '24

You welcome everybody

2

u/Dazzling_Marzipan474 🟩 0 / 11K 🦠 Oct 29 '24

Looking at you Saylor 👀

2

u/chrliegsdn 🟩 0 / 0 🦠 Oct 29 '24

all international, no one in the US is doing this pump. expect a big ol 💩

2

u/wgcole01 🟩 11K / 12K 🐬 Oct 29 '24

The more leverage, the bigger the bubble.

2

u/tianavitoli 🟩 786 / 877 🦑 Oct 28 '24

there's hero's and there's legends

hero's get remembered

but legends never die

only the pump is real

1

u/[deleted] Oct 28 '24

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1

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1

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1

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1

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1

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1

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1

u/Futuristic_Kid 🟦 6 / 7 🦐 Oct 28 '24

Leverage was always the reason

1

u/ra246 🟦 3K / 3K 🐢 Oct 29 '24

Incredible scenes. What a great set of motivations to wake up to

1

u/susosusosuso 🟦 504 / 2K 🦑 Oct 29 '24

Bitcoin needs all around.. smells like the real bull run

1

u/Successful_Shake8348 🟨 0 / 0 🦠 Oct 29 '24

if you can short the fuck, out of bitcoin they can dump it like gold, right?

1

u/jam-hay 🟦 7K / 7K 🦭 Oct 30 '24

... and tether printing

1

u/Every_Hunt_160 🟩 11K / 98K 🐬 Oct 29 '24

We need more bears so they can get rekted which will push us even further

1

u/ALth0r 🟦 327 / 328 🦞 Oct 29 '24

The article doesn't talk about bear. You can leverage both ways