The leverage in the cryptocurrency market has soared to an all-time high:



In the third quarter of 2025, the total amount of cryptocurrency loans surged by 35%, reaching a record $73.6 billion.

This value surpasses the historical peak of 69.4 billion USD set in the fourth quarter of 2021.

Since the approval of the US spot Bitcoin ETF in the first quarter of 2024, which has driven the industry's recovery, the scale of encryption lending has nearly tripled.

As forced liquidations accelerate, the cryptocurrency market is experiencing a severe downturn.

Leverage is driving the continued spread of volatility. 🔥🔥#隱私幣生態逆勢上漲 #ETH
ETH-3,59%
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