Who shot over $30,000 during the day yesterday bitcoin In the evening, after false statements that there was activity in the wallets of the US government and Mt.Gox, it decreased to $ 27,200.
Crypto analytics firm as Bitcoin volatility has been high lately CryptoQuant He said that the estimated leverage in BTC is at its lowest level since December 2021.
According to the news of Coindesk, CryptoQuant, which investigates how much leverage Bitcoin investors use in their futures, has stated that the leverage measurement will be in the future. BTC He stated that there will be a low voltage signal in the price.
“The estimated leverage in Bitcoin fell to 0.195 on Wednesday, hitting the lowest level since December 20, 2021.
This decreasing rate may be a signal that the high volatility seen in Bitcoin price and liquidations in futures may become rare in the face of sudden price volatility.
In this context, the decreasing Bitcoin price volatility may lead to more investors coming to the crypto market.”
Cryptocurrency exchange of estimated leverage FTXStating that Bitcoin has been on the decline since its bankruptcy in November 2022, CryptoQuant stated that the continued decrease in leverage ratio shows that the 75% rally that Bitcoin has experienced since the beginning of 2023 is focused on the spot market.
*Not investment advice.
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