# Leverage Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Leverage", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Decoding JASMY’s 204% volume surge – Is $0.0096 the next big test?

JASMY surged 12.04% to $0.006009 with a 204.96% spike in trading volume, indicating strong short-term speculative interest. The price now approaches a key technical barrier at the $0.0096 resistance level within a long-term descending regression channel. A breakout could signal a trend reversal, while a rejection may reinforce the bearish structure. RSI has recovered to 45 but remains below the bullish threshold of 50. Rising exchange reserves suggest profit-taking, and futures data shows continued sell-side dominance. Open Interest increased 23.57%, indicating leveraged positioning which could amplify volatility. The token faces a critical test where either a decisive breakout or rejection could trigger significant price movement.

ambcrypto2h ago

Decoding JASMY’s 204% volume surge – Is $0.0096 the next big test?

ambcrypto2h ago

BlackRock's First Foray into DeFi Trading, Coinbase CEO's Stock Sale Controversy – What's the Overseas Crypto Community Talking About Today?

In the past 24 hours, the crypto market saw significant developments, including institutional entry into DeFi and rising concerns over high-leverage narratives. BlackRock made its first direct DeFi transaction by listing its $1.8B tokenized treasury product BUIDL on Uniswap and acquiring UNI tokens, causing a short-term price surge. The move, executed via UniswapX for accredited investors, is seen as a major step in TradFi-DeFi integration but raised questions about protocol neutrality. MicroStrategy’s Michael Saylor sparked concern by stating the company could withstand a Bitcoin drop to $8K through debt refinancing, leading to comparisons with past failed high-leverage schemes. Meanwhile, Coinbase CEO Brian Armstrong’s continued stock sales drew mixed reactions, with some viewing it as insider caution despite possible personal financial planning reasons. On the ecosystem front, Citi completed a full supply chain finance operation on Solana, boosting its institutional credibility. Perp DEX Lighter launched Korean stock perpetuals (e.g., Samsung, Hyundai) with funding fee rebates, while Nado increased deposit limits. Additional notable updates include a Dune and Visa collaboration on a stablecoin report, Pudgy Penguins’ new crypto Visa card, and AI agents beginning to use Coinbase’s Agent Wallet for on-chain transactions.

marsbit10h ago

BlackRock's First Foray into DeFi Trading, Coinbase CEO's Stock Sale Controversy – What's the Overseas Crypto Community Talking About Today?

marsbit10h ago

Bitcoin Breaks Below $70,000: How Did the 'Vibe' of the Crypto Market Disappear?

Bitcoin has fallen below $70,000, with the total cryptocurrency market losing over $2 trillion in value. While such declines are not unprecedented, this downturn feels different. Unlike 2022, when other asset classes also suffered, crypto investors now feel isolated as traditional tech stocks like the Nasdaq 100 remain near all-time highs. Key factors driving the slump include excessive leverage—detectable crypto borrowing had more than doubled to $74 billion by September—and a cascade of liquidations totaling around $19 billion since early October. Even Bitcoin ETFs, once seen as a bullish catalyst, are now contributing to selling pressure, with notable outflows for the first time. Most critically, the "vibe" or cultural momentum that once fueled crypto's appeal has faded. Cryptocurrencies have lost their counter-cultural edge as they became more institutionalized—yet without gaining full acceptance from traditional finance. Central banks are buying gold, not crypto, and professional investors continue to largely avoid the asset class. Without a revival of this unique enthusiasm, the current crypto winter may be long and harsh.

比推14h ago

Bitcoin Breaks Below $70,000: How Did the 'Vibe' of the Crypto Market Disappear?

比推14h ago

Lighter Introduces On-Chain Perpetuals Linked to Major Korean Stocks

Lighter, an on-chain perpetual futures exchange, has become the first decentralized platform to offer perpetual derivatives tied to major South Korean stocks. Traders can now speculate on companies like Samsung Electronics, SK Hynix, Hyundai Motor, and the Korean Composite index with up to 10x leverage, without holding the actual shares. This move bridges traditional finance and DeFi by enabling crypto-style perpetual trading of equity assets. The development follows South Korea’s recent regulatory shift allowing corporations to invest in crypto, fostering a more supportive environment for such products. Despite a global crypto slowdown, South Korea remains a significant market, accounting for nearly 10% of global spot trading volume.

TheNewsCrypto17h ago

Lighter Introduces On-Chain Perpetuals Linked to Major Korean Stocks

TheNewsCrypto17h ago

The Economist: Falling Below $70,000, This Crypto Winter Is More Desperate Than Ever

Cryptocurrencies are experiencing a particularly harsh and isolating downturn, with Bitcoin falling from $124,000 in October to around $70,000, erasing over $2 trillion in market value. Unlike previous crashes, this bear market feels more painful because it is happening while traditional assets like tech stocks remain near all-time highs. Key factors driving the decline include excessive leverage—detectable crypto lending had more than doubled to $74 billion before the sell-off began—and a cascade of liquidations totaling around $19 billion. Even Bitcoin ETFs, initially seen as a bullish catalyst, are now contributing to selling pressure, with significant outflows recorded. Most critically, crypto has lost its “vibe”—the rebellious, anti-establishment aura that once fueled its appeal. As cryptocurrencies become more institutionalized yet still lack mainstream adoption or yield-generating utility, they appear to have lost their cultural edge without gaining legitimacy. Without a revival of this unique enthusiasm, the current crypto winter may be prolonged and severe.

marsbit18h ago

The Economist: Falling Below $70,000, This Crypto Winter Is More Desperate Than Ever

marsbit18h ago

The 'True and False Prosperity' of Perpetual Contracts: Can You See Through It?

Perpetual futures (perps) have become a dominant force in crypto trading, with volumes surging to about 75% of spot trading activity. While cumulative perp trading volume doubled to $14 trillion in just the past six months—exceeding the total volume of the previous four years—this growth occurred even as the total crypto market cap fell nearly 40%. However, volume alone can be misleading. To better understand market depth and trader conviction, Open Interest (OI) is a critical metric. OI has tripled from ~$4B last February to ~$13B now, indicating increased capital commitment. The OI-to-volume ratio rose from 0.33x to 0.49x over the past year, though it fluctuated significantly—peaking at ~0.72x mid-year before dropping after a major liquidation event in October. At the protocol level, platforms like Hyperliquid show strong capital efficiency, converting over 45% of daily volume into open positions and generating a take rate of ~3.2 bps. Others, like Aster, prioritize capital retention over fee maximization. The key takeaway is that sustainable growth in perp markets depends not just on high volume, but on growing OI and converting trading activity into sticky, confident capital.

marsbitYesterday 03:11

The 'True and False Prosperity' of Perpetual Contracts: Can You See Through It?

marsbitYesterday 03:11

The 'True and False Prosperity' of Perpetual Contracts: Have You Seen Through It?

The article "Perpetual Contracts: Real or Illusory Boom?" examines the explosive growth of perpetual futures (perps) markets, arguing that trading volume alone is a misleading metric. While perps have become dominant—growing from 44% to 75% of DEX spot volume since February 2025—this surge doesn't necessarily reflect meaningful capital deployment. Key insights include: - Total perp volume doubled to $14 trillion in just six months, even as crypto market cap fell 40%. - Open Interest (OI), which measures unrealized risk exposure, only grew ~50% in that period, indicating much of the volume is from rapid capital recycling rather than new committed capital. - The OI/Volume ratio (a measure of capital efficiency) rose from 0.33x to 0.49x over the past year, but with significant volatility, including a sharp drop after a major liquidation event in October. - Protocol-level analysis shows Hyperliquid leads in capital efficiency (OI/Vol >45%) and fee generation (~3.2 bps take rate), while others like Aster prioritize capital retention over fees. The conclusion: True market health is best read by combining volume with OI and fee data. Sustainable platforms will be those that optimize for "conviction" (long-term capital) rather than just incentivized volume.

比推Yesterday 19:29

The 'True and False Prosperity' of Perpetual Contracts: Have You Seen Through It?

比推Yesterday 19:29

Can RIVER crypto target $23 next amid 20% daily surge?

RIVER crypto surged 20% in 24 hours, continuing its two-day rally and reaching $19. The rebound was driven by stablecoin partnerships, including a new crvUSD integration, and the launch of a RIVER/USDT liquidity pool on PancakeSwap. Technically, RIVER broke out of a triangle pattern and is now targeting $23, with key resistance at $20. Bullish sentiment is high, but the rally appears leverage-driven, with significant futures activity and $3 million in short liquidations. Traders should monitor the $20 and $23 levels closely for potential reversals.

ambcryptoYesterday 19:02

Can RIVER crypto target $23 next amid 20% daily surge?

ambcryptoYesterday 19:02

BTC Halved, DAT Companies Face Billions in Paper Losses: Who is 'Selling to Stop the Bleeding'?

BTC's sharp decline from its $120,000 peak in late 2025 to around $60,000 has triggered significant unrealized losses for several Digital Asset Treasury (DAT) companies, forcing some to sell off crypto holdings to manage financial strain. Cango Inc. sold 4,451 BTC (nearly half its holdings) to repay a BTC-collateralized loan, as mining costs exceeded Bitcoin's current price. Empery Digital, which bought BTC near the peak at around $117,000, sold portions of its holdings to fund share buybacks and debt repayment amid a 57% unrealized loss. Bitdeer shifted from a “HODL” strategy to regularly selling mined BTC to prioritize cash flow. Sequans Communications became the first DAT company to sell Bitcoin (970 BTC) to redeem convertible bonds, highlighting debt-driven sell-offs. ETHZilla, an Ethereum-focused DAT, sold over 32,000 ETH to manage leverage and transition toward real-world asset (RWA) tokenization. These moves underscore the vulnerability of highly leveraged DAT firms in a bear market. While large players may hold on, mid-tier and smaller companies face pressure to deleverage, signaling a market shift from narrative-driven expansion to financial survival and operational sustainability.

Odaily星球日报Yesterday 10:35

BTC Halved, DAT Companies Face Billions in Paper Losses: Who is 'Selling to Stop the Bleeding'?

Odaily星球日报Yesterday 10:35

Mike Novogratz Says Crypto’s ‘Age of Speculation’ May Be Over — Real-World Assets Next

Galaxy Digital CEO Mike Novogratz stated that crypto's "age of speculation" may be ending as more risk-averse institutions enter the market, shifting the industry toward tokenized real-world assets (RWAs) with lower returns. He made these remarks at the CNBC Digital Finance Forum in New York, as Bitcoin had fallen sharply in early 2026, down over 21% year-to-date and nearly 50% from its October 2025 peak. Novogratz contrasted the current sell-off with the 2022 FTX collapse, noting there is no "smoking gun" this time. Instead, he pointed to an October 2025 leverage wipeout that erased $19.37 billion in leveraged positions, significantly impacting retail traders and market makers. He emphasized that retail investors typically seek high returns, not the modest yields offered by RWAs. However, he expects speculation to be gradually replaced by using crypto infrastructure to deliver financial services globally, with tokenized assets like stocks offering different return profiles. This shift is already underway, with approximately $24.27 billion in tokenized real-world assets and about $10 billion in tokenized U.S. Treasuries. Novogratz also expressed optimism about the eventual passage of the CLARITY Act, which he believes would help restore confidence in the crypto market.

ccn.comYesterday 09:05

Mike Novogratz Says Crypto’s ‘Age of Speculation’ May Be Over — Real-World Assets Next

ccn.comYesterday 09:05

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