Altcoin Leverage Runs Hot as Market Shifts

Altcoin leverage remains high despite market pullback. This trend raises risks for traders — here's what to watch. Altcoin leverage stays elevated, with over 40% of large caps near yearly highs. Mid caps also hit a yearly high for leverage, amplifying risks for traders. The current altcoin leverage trends are raising eyebrows among traders. According to a recent tweet from Glassnode, over 40% of large-cap altcoins are operating near their highest leverage levels of the year. This situation is particularly concerning as the market has experienced a pullback since leverage peaked earlier this month.

Source: Coinfomania