PANews August 18 news, according to CoinDesk, Galaxy Digital's latest report shows that the scale of crypto mortgages in the second quarter increased by 27% month-on-month to $53.1 billion, reaching a new high since early 2022. The recent drop in BTC prices triggered over $1 billion in contract liquidations, highlighting the market vulnerability brought about by the accumulation of leverage. The report points out that the borrowing costs for USDC over-the-counter have continued to rise since July, exacerbating the mismatch of on-chain and off-chain dollar liquidity, tightening DeFi liquidity, and increasing the concentration of lending, resulting in more market pressure points.