Digital assets reclaimed $3 trillion in market value for the first time since January following Bitcoin’s impressive rally, but traders are also increasing leveraged bets in perpetual futures, raising the risk of sharp price swings. Bloomberg reports, writes UNN.

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According to CoinGecko, the market has added more than $740 billion in value since the U.S. Treasury announced last month that it would increase buybacks of long-term bonds. Leverage is rising along with prices. Open interest in perpetual futures on tokens has climbed to nearly $160 billion—the highest level since late October last year, according to Coinglass data.

On Monday, more than $920 million in bearish bets were liquidated amid the price surge. The ongoing…