<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvNGMwOGMzNmYtOWIwYS00ODcyLTg5N2YtY2U1OTRkNTMyNWEwLmpwZw==.jpg"></p><p>Industry players accumulated over $4 billion of debt in the last crypto run-up. </p>