Altcoin Leverage Remains Elevated Despite October Price Pullback

Leverage remains elevated across large- and mid-cap altcoins despite a crypto market pullback since early October, leaving long positions vulnerable to forced liquidation if prices fall further. More than 40% of large-cap altcoins have leverage near their highest levels of the year. Among mid-cap tokens, the share with elevated leverage has reached a yearly high. The 40% figure describes the portion of large-cap altcoins near leverage highs, not a leverage rate. Leverage peaked in early October before prices declined. Leverage remains elevated despite the price pullback. Further declines could force leveraged long positions to close.

Source: TokenPost