Traders are increasingly using leverage in the cryptocurrency market, particularly with Bitcoin, as they attempt to recover from recent losses. Long positions currently outnumber short positions by a ratio of 3:1, with $3.62 billion in long liquidation leverage between the current price and $74,000, compared to $1.25 billion for shorts between the current price and $93,000. Bitcoin's price recently dropped to $78,500, attributed to a leverage unwind, highlighting a trend of traders ramping up leverage despite a cooling market since its all-time high (ATH) in December 2024. The market has seen $550 million in realized losses, yet many traders are still trying to recover quickly. Additionally, there have been reports of significant leveraged positions being opened, including two large 50X long positions on Bitcoin and Ethereum Classic.