Market Chatter: Are We Overleveraged?

Welcome to Market Chatter, your guide to on-the-ground conversations among Bybit communities in different regions.

We want to take advantage of Bybit’s global network and our regional partners to share market colors based on what our traders and users have been chatting about — and what draws their attention. This week, we look into BTC.

There’s certainly a lot of hype in the crypto community as the price of BTC reached over $90,000 for the first time. As the bullish sentiment in the market can be seen across the board, our desk shows that the BTC derivatives markets could already be overleveraged at this point without significant changes in the fundamentals.