Yes, too risky at the moment
Discussion
It’s less risky from the pov that price will go up so the LTV of the loan will go down as price runs up so liquidation is unlikely.
If you take a loan at the top ($1M) then you’ll have to add more and more collateral as the price corrects and you risk getting liquidated.
One thing to note tho is that you would need to put up more sats now to borrow X amount of dollars than you would at $1M. So if the platform you’re using rugs then you’ll lose more sats now than you would at $1M
That’s exactly what happened to me last cycle and my loan quickly went from 10% of my portfolio to almost 40% lol
Now why do I say at 1 mill do it? Because the amount of bitcoin needed for the LTV ratio goes down exponentially. Now this is saying you keep that said loan at 1% of your portfolio AND (very important and) don’t open up that said loan at the very top of the bull market