Crypto Leverage Shocker: $61B Risks EXPOSED [Full Report]

"We all know that the current bear market started on October 10th last year, when around $19 billion were wiped out of the crypto market in the biggest liquidation event in history. Naturally, this has many people wondering about the current state of leverage in the crypto market - and a recent report from Galaxy Research could have all the answers."

~ Coin Bureau

This video explores a report from Galaxy Research regarding the state of cryptocurrency leverage following a significant market liquidation event in late 2025. It details a shift in the lending landscape where total borrowing fell to approximately sixty-one billion dollars, with centralised finance lenders like Tether and Coinbase gaining market share as decentralised finance borrowing declined due to reduced risk appetite and narrowing yield spreads. The report highlights that while futures open interest saw a massive drawdown, the market infrastructure proved resilient by de-leveraging in an orderly fashion rather than triggering a systemic collapse. Ultimately, the analysis suggests that crypto credit markets are maturing into more structured and transparent models, with institutional debt and sophisticated on-chain strategies replacing the volatile leverage of previous cycles, creating a more robust foundation for future market movements.

~ TIMESTAMPS ~

0:00 Crypto-Collateralized Lending
6:12 Stablecoins, Bitcoin and Ethereum
12:40 Corporate Debt Strategies
15:05 Futures Market
17:09 What’s Next For Leverage In The Crypto Market?

Source - Coin Bureau YouTube: https://www.youtube.com/watch?v=DTBbLxSWbb8

Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.