"For every ETH that’s sitting on an exchange there’s another ETH of leverage in the market. So you basically got twice as much long exposure than there is of actual ETH collateral.”- Michael Nadeau ( @JustDeauIt ) from @the_defi_reportWe have never seen that in previous cycles and that's how you get these crazy liquidations.Massive DATs like $BMNR, $SBET and $BTBT are giving traders a lot of confidence to put on leverage.Most of that story is behind us.Now what's going to be the next catalyst that takes us ...