2026-01-05 11:24:04

Market sentiment turned warmer at the beginning of January, and altcoins started to rebound, but whether this rally can continue is indeed concerning.

Ethereum on-chain activity has indeed increased, but the problem is that leverage has been piled on too aggressively—leverage ratios have hit record highs. Once the market reverses, if ETH drops to the $2800 level, it could trigger over $580 million in long liquidations, and the scene could be quite brutal.

Regarding Bitcoin Cash, investor Peter Brandt recently sounded the alarm. BCH is approaching the $650 resistance level, backed by a record $980 million in open interest. Historical experience tells us that such a situation is usually a prelude to a major correction. If it falls below $570, long liquidations alone could exceed $80 million.

As for PEPE, this meme coin has surged over 70% this year but now faces the risk of topping out. Based on the current technical pattern, it may retrace to around $0.00000613, with an estimated decline of about 10%. Profit-taking pressure and an imminent technical correction could push the risk of long liquidations beyond $15 million.

Overall, although this rebound looks lively, risks have quietly accumulated. Staying vigilant in the short term is very necessary.

ETH0,52%

BCH1,49%

PEPE-1,5%

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TommyTeacher1

· 01-08 09:40

Leverage is skyrocketing, this time it's really a bit risky.

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ForkInTheRoad

· 01-07 16:40

Leverage so high, I really can't hold on, it feels like giving big players money... --- PEPE up 70%, just thinking about taking profits, this rhythm feels a bit off, why does it seem like another round of chopping the leeks is coming? --- Wait, 5.8 billion liquidation? How many people are going to get margin called, just thinking about it is scary. --- Peter Brandt has spoken out, this BCH thing is definitely not that simple, better to wait and see. --- This rebound is just a false fire, one resistance level on the left, one open position on the right, it feels like it could collapse at any time. --- PEPE never looks at fundamentals, it relies entirely on sentiment. With the current situation, it will fall sooner or later. --- Caution in the short term? I think caution is needed in the long term too...

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rugpull_survivor

· 01-05 11:54

Leverage hitting a new all-time high and then starting to rebound? I've seen this script too many times, $5.8 billion is just waiting to explode. --- Pepe up 70% and already thinking of becoming the sector leader? Laughable, a 10% correction can't be avoided. --- That $980 million contract for BCH really is a powder keg. When Peter Brandt comes out to speak, it's basically countdown time. --- Every time, they say risk is accumulating and to be cautious in the short term, yet retail investors still get cut. That's why I avoid leverage. --- Rebound? Ha, just wait and see who can't escape. --- ETH at 2800 will definitely trigger a liquidation wave. Twitter will blow up again then. --- Altcoins' rebounds are the most dangerous because they are the easiest to become the bagholders. Luckily, I learned long ago to just lie back and earn BNB.

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GateUser-a606bf0c

· 01-05 11:50

杠杆堆得这么狠迟早要爆，58亿美元清算真的打不住 --- 又一个"火山口"，就等那根导火索点燃 --- pepe涨70%还敢追？给我劝退了 --- 历史总在重演，BCH这次能躲过大跳水吗？ --- 反弹就是套人，这套路我太熟了 --- 坐等2800这个位置，到时候看戏会很精彩

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Ramen_Until_Rich

· 01-05 11:44

Leverage ratio hits a new all-time high? Bro, isn't this just cheering for liquidation? The scene of $5.8 billion in liquidations is really hard to watch.

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NFTArchaeologis

· 01-05 11:42

Looking at these numbers, it’s a bit like stratigraphic records at an archaeological site—apparent prosperity on the surface, but underneath, filled with unstable leverage relics. History always repeats itself this way.

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