Bitcoin’s (BTC) ‘Estimated Leverage Ratio’ Hits Lowest Level in 16 Months

Bitcoin’s (BTC) ‘Estimated Leverage Ratio’ Hits Lowest Level in 16 Months



Bitcoin’s estimated leverage ratio, calculated by dividing the dollar value locked in the active open perpetual futures contracts by the total number of coins held by derivatives exchanges, fell to 0.195 on Wednesday, reaching the lowest since Dec. 20, 2021, per data tracked by analytics firm CryptoQuant.



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