Surge in High-Risk Crypto Loans Sparks Concerns of Liquidation Cascades and Market Volatility
According to IntoTheBlock, the amount of crypto-collateralized loans that are within 5% of their liquidation price has reached its highest level in over two years. This surge in high-risk loans could lead to potential liquidation cascades and market volatility. The decentralized lending market is experiencing a boom, with high-risk loans reaching their highest level since June 2022, sparking concerns about volatility and liquidation cascades. Analytics firm IntoTheBlock reports that the total amount of high-risk loans rose to $55 million on Wednesday.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hold BGB and Win Big: 10,000 BGB and Exclusive Luxury Prizes Await!
Ready to join the BGB wealth feast? Bitget is kicking off an extraordinary reward storm! To celebrate the launch of the BGB Holders Community, we’ve prepared 10,000 BGB and luxury prizes! You are just one step away from winning! Promotion period: November 29, 2024, 10:00 - December 16, 2024, 10:00
Notice on Delisting Postponement for GFT/USDT
On November 28, the Bitget team detected an abnormal surge in the on-chain issuance of GFT tokens. A large volume of these tokens was deposited into centralized exchanges and subsequently sold off. To minimize the impact of this anomaly on our users, Bitget has temporarily suspended GFT deposits an
What Will Happen in the Bitcoin Price in the Coming Days? Has the Peak Been Reached or Is There Still Room to Rise? Here are the Opinions of the Anal
What kind of price movements will Bitcoin, the world's largest cryptocurrency, experience in the coming days? Here are the opinions.
This Artificial Intelligence Robot Keeps 40.000 Dollars in His Wallet: It Will Send It All To Whoever Convinces It
In the cryptocurrency world, different applications continue to emerge every day. This time, an artificial intelligence robot is on the agenda.
Trending news
MoreCrypto prices
More
