When bull runs kick in, everyone's itching to go all-in with leverage.

Price keeps climbing—patience evaporates in seconds. Traders ditch percentage thinking and chase moonshot gains instead. That's when the real danger starts.

Leverage gets maxed out. Funding rates shoot through the roof. Long positions stack up like the market can't possibly correct.

Here's the thing though: leverage works both ways. What pumps with 10x can crash just as fast.