CryptoQuant analyst: Over-leveraging and a slowdown in buying led to a drop in BTC prices this morning

On December 6th, CryptoQuant analyst Maartunn posted on social media analyzing the reasons for BTC's price drop this morning, including:

The net order volume on the Binance platform shows a large amount of sell orders, with buying power slowing down;

This surge in BTC was driven by leverage, with open contracts growing more than 15%;

The above two signals overlapped when the market sentiment was "extremely greedy".