Crypto leverage spikes and signs caution to investors

The crypto market's temperature is rising, with the top 20 crypto-assets, excluding stablecoins, boasting an average 90-day return of 103% according to IntoTheBlock data. Even the group's laggard has surged 28%. Meme tokens are not the only assets experiencing a surge, with large-cap crypto also seeing a rapid increase in leverage usage, as the cost to borrow for long positions has hit a peak... source: https://cryptobriefing.com/crypto-leverage-warning-2024/