Bitcoin’s estimated leverage ratio has been declining since the end of December 2022. The last time it was as low as it currently is was in May 22. But what does this really mean for the market?
It suggests that more BTC investors are opening their eyes to the risks associated with leverage. Especially considering the highly volatile and uncertain nature of the crypto market.This might actually be a good thing for BTC holders because it means there is not a heavy risk of leverage-induced liquidation. The liquidation of heavily leveraged trades is among the reasons why many have lost their BTC holdings in the past.
Source: News Formal (newsformal.com)
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