Large BTC-Backed Loans Jump 83% in a Month
- —USDT loans over $10M backed by BTC rose 83% last month
- —Data comes from CoinRabbit, flagged by analyst Ki Young Ju
- —Whales are using BTC collateral to acquire more crypto assets
- —The trend points to risk-on sentiment among large holders
Why it matters: Rising large BTC-backed loans signal risk-on positioning by whales, but also raise the risk of cascading liquidations if prices drop sharply.
Source: Coinfomania
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