After Bitcoin's astonishing rebound, the market value of digital assets returned to $3 trillion for the first time since January; however, traders are also pouring into leveraged perpetual futures trading one after another, increasing the risk of rapid price fluctuations. According to CoinGecko data, the cryptocurrency market value has increased by more than $740 billion since the US Treasury announced last month that it would increase the repurchases of long-term bonds. Leveraged betting also climbed. According to Coinglass data, the number of open positions on perpetual futures for various tokens has climbed to nearly US$160 billion, the highest level since late October last year.

After Bitcoin's astonishing rebound, the market value of digital assets returned to $3 trillion for the first time since January; however, traders are also pouring into leveraged perpetual futures trading one after another, increasing the risk of rapid price fluctuations. According to CoinGecko data, the cryptocurrency market value has increased by more than $740 billion since the US Treasury announced last month that it would increase the repurchases of long-term bonds. Leveraged betting also climbed. According to Coinglass data, the number of open positions on perpetual futures for various tokens has climbed to nearly US$160 billion, the highest level since late October last year.