Bitcoin: Leverage Ratio Stays at 5% Despite Drop
Bitcoin derivative leverage ratio at 5% tops 5-year average of 3.5% as BTC falls from $126K to $64K, with derivatives positioning amplifying downside volatility.
SourceAnalysis
Bitcoin derivative leverage ratio sits at 5% above its five-year average of 3.5% even after BTC fell from ~126K to ~64K. Derivatives positioning has not contracted with spot prices. Volatility tends to amplify on the way down. Price at 66750.84 tests upper Bollinger resistance at 66498.58 while RSI at 71.93 flashes overbought and MACD holds a bullish golden cross yet a healthy retracement to the 50-EMA support at 64271.53 seems probable before further continuation.
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@BinanceResearchAs the official research arm of Binance, this account publishes institutional-grade analysis and in-depth reports on digital assets, blockchain ecosystems, and Web3 technologies. The content delivers data-driven insights into market trends, protocol developments, and macroeconomic factors influencing the cryptocurrency industry.
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