According to Milk Road, an increasing number of crypto traders are engaging in ultra-high leverage trading, with some using up to 125x leverage on major exchanges. This trading approach significantly raises liquidation risks, as even minor market movements can wipe out an entire position, impacting market volatility and triggering cascading liquidations. For active traders, monitoring leverage ratios across platforms like Binance and Bybit is crucial, as spikes in high leverage usage can signal impending volatility and potential price swings in Bitcoin and altcoins. Source: Milk Road (@MilkRoadDaily, May 18, 2025).