Ethereum Faces Risk As Binance Leverage Ratio Skyrockets To Record Levels
Ethereum is at a decisive moment after a turbulent week of trading. Following a powerful surge on Friday that pushed the price into new highs, ETH quickly faced selling pressure, leading to a sharp drop by Monday. Now, the asset is trying to stabilize above the $4,400 level, a critical zone that bulls must defend to prevent further downside momentum. Related Reading: Bitcoin CEX Netflows Still Green Despite Large Sellers Rotating To Ethereum The recent volatility highlights how fragile sentiment can become at major turning points. While bulls remain optimistic that ETH can sustain momentum....
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On-chain data shows Bitcoin investors have been afraid to take risk recently as the leverage ratio has remained low in the last few days. Bitcoin Leverage Ratio Remains Low In Past Few Days As pointed out by an analyst in a CryptoQuant post, investors haven’t taken much risk since the surge in the crypto’s price a few days back as leverage in the market is low at the moment. A relevant indicator here is the “open interest,” which shows the total amount of Bitcoin futures contracts currently open on all derivatives exchanges. The “estimated leverage....
The Bitcoin leverage ratio is showing a sell signal right now, indicating that the market could turn bearish, at least in the short term. Bitcoin Leverage Ratio Says Not A Good Time To Buy Right Now As pointed out by a CryptoQuant post, the estimated leverage ratio indicates that this might not be the best time to buy BTC. The all exchanges estimated Bitcoin leverage ratio is an indicator that’s calculated by taking the ratio of open interest divided by the reserves of all exchanges. Estimated Leverage Ratio = Open Interest ÷ Amount of Reserve For those unfamiliar with futures....
A quant has explained how the current large Bitcoin leverage ratio values can help bring a turnabout to the crypto’s price. Bitcoin Leverage Ratio Rises To Values Greater Than During The ATH As explained by an analyst in a CryptoQuant post, the massive leverage ratio right now might help BTC’s price reverse its trend. The “Bitcoin leverage ratio” is an on-chain indicator that is defined as the open interest divided by the (derivative) exchange reserve. Here, the “open interest” is a measure of the amount of futures contracts currently open in the....
On-chain data shows the Bitcoin leverage ratio has surged up to a new all-time high, suggesting the market could be heading towards high volatility. Bitcoin All Exchanges Estimated Leverage Ratio Sets New ATH As pointed out by a CryptoQuant post, the funding rate has remained neutral while the leverage has increased in the market. The “all exchanges estimated leverage ratio” is an indicator that measures the ratio between the Bitcoin open interest and the derivative exchange reserve. What this metric tells us is the average amount of leverage currently being used by investors....
On-chain data shows Bitcoin leverage ratio has hit a new all-time high (ATH). This may mean that a price correction could soon follow. Bitcoin Leverage Ratio Reaches New Highs, Correction Incoming? As pointed out by an analyst in a CryptoQuant post, the BTC leverage ratio has made a new ATH recently. This increases the possibility of a correction happening soon to flush out all the excess leverage. The “all exchanges estimated leverage ratio” is an indicator that estimates how much leverage is used by Bitcoin investors on derivatives exchanges, on average. There are two related....