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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 changes in August 2025 has risen to its highest level in five years, surpassing the +0.4 threshold, a level historically often associated with high leverage and periods of market fragility. This means that when prices are close to historical highs, a massive influx of leveraged positions in the futures market may lead to increased fluctuations and a heightened risk of getting liquidated.