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cryptonews
2023-04-27 20:21:00

Leverage is Declining the Bitcoin Market – Here’s Why That is Bullish For the BTC Price

Leverage is Declining the Bitcoin Market – Here’s Why That is Bullish For the BTC Price

A measure of leverage in the Bitcoin market just fell to its lowest since late 2021, a sign that volatility inducing speculators are increasingly being washed out of the market, meaning that the world’s largest cryptocurrency by market capitalization may be in for calmer waters ahead. Crypto analytics firm CryptoQuant’s “Estimated Leverage Ratio” (ELR) just fell to 0.195, its lowest since December 2021.... Read More: Leverage is Declining the Bitcoin Market – Here’s Why That is Bullish For the BTC Price

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