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Mechanism Capital co-founder: ETH leverage has risen to levels seen during the ETF hype, which may put pressure on ETH

2024-10-10 17:00:23

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ChainCatcher news, Mechanism Capital co-founder Andrew Kang posted on X platform stating: "ETH leverage has risen to the levels seen during the ETF hype. Is there a good reason to explain that this phenomenon is driven by directionless long positions? If not, this will put pressure on ETH."

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Mechanism Capital ETH Andrew Kang

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