WhaleWire founder: The current leverage in the crypto market is too high, which may face an inevitable risk of a major collapse

ChainCatcher news, WhaleWire founder Jacob King posted on X that although Bitcoin has only dropped by 1%, the market liquidation scale has exceeded $360 million in the past 24 hours, with over $100 million liquidated in the last 60 minutes.

Jacob King stated, "This phenomenon highlights the excessive market leverage during periods close to historical highs. When investors rush to the exit simultaneously, the market may face an inevitable significant crash risk."