CryptoQuant analyst: Excessive leverage and slow buying led to a drop in BTC prices this morning

CryptoQuant analyst Maartunn analyzed the reasons for the BTC price drop this morning on social media, including:

· Binance's net buy/sell trading volume showed a large amount of selling pressure and a slowdown in buying power

· The current surge in BTC was driven by leverage, with open interest increasing by more than 15%

· The combination of the above two signals occurred in a market sentiment of extreme greed