The tweet was deleted by the author.
But we saved everything 🙂.
Lending data from crypto platform Nexo, often described as a barometer of risk appetite in digital assets, indicates controlled crypto borrowing despite the recent market correction.
According to CryptoQuant, Nexo users borrowed nearly $1 billion between January 2025 and January 2026, with more than 30% already repaid, signaling managed deleveraging rather than panic liquidation amid declines in Bitcoin, Ethereum, and Solana.
“Nearly $1 billion borrowed during the correction suggests confidence has not entirely left the market,” Dutch outlet CryptoJournaal wrote, adding that “30% repayment shows some deleveraging, but not a rush for the exits — it looks more like managed risk than stress.”
This view aligns with broader analyst commentary describing cryptocurrencies as “the purest expression of macroeconomic risk appetite,” with major tokens still trading as high-beta satellites to U.S. equities.
Nexo’s role in the ecosystem has expanded significantly since the company, in partnership with Mastercard, launched what it called the world’s first crypto-backed payment card, allowing users to spend against their holdings without selling assets.
At the same time, the company remains under close regulatory scrutiny, recently receiving a fine in California for unlicensed lending practices. This combination of growth, leverage usage, and oversight explains why on-chain credit data from platforms like Nexo is now central to serious macro-crypto discussions.
As we wrote, Nexo gains 7.19% as record $10.9 million volume sparks short-term demand