CryptoQuant analyst: Excessive leverage and slow buying led to a drop in BTC prices this morning

Odaily Planet Daily Report: CryptoQuant analyst Maartunn posted an analysis on on the reasons for the BTC price pullback this morning, including: the net market-taking trading volume on the platform showed a large number of sell orders, and the buying power weakened; the recent BTC surge was driven by leverage, with open interest growing by more than 15%; the above 2 signals appeared in the context of a "extreme greed" market sentiment; the 30-day change rate-based retail demand has reached the highest level in four years, at 30%.