Andrew Kang: ETH Leverage Rises Back to Levels Seen During ETF Speculation, May Put Pressure on ETH
On October 10th, Mechanism Capital co-founder Andrew Kang posted on the X platform, “With ETH leverage back up to the levels seen during the ETF speculation, is there a good reason why this phenomenon is being driven by undirected long positions? If not, then this will put pressure on ETH.”
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