CryptoQuant Analyst: High Leverage and Slowing Buying Pressure Lead to BTC Price Drop This Morning

ChainCatcher message, CryptoQuant analyst Maartunn posted on social media analyzing the reasons for the drop in BTC price this morning, including:

• The net eating order trading volume on the Binance platform shows a large amount of selling pressure, with buying power slowing down;
• The recent surge in BTC was driven by leverage, with open interest increasing by over 15%;
• The above two signals coincided with the market sentiment being "extreme greed."