Bitcoin’s Leverage Ratio Hits Two-Year High, Indicating Possible Correction Ahead

Quick Summary:

Bitcoin’s Leverage Ratio Hits Two-Year High, Indicating Possible Correction Ahead According to recent data shared by crypto insights platform Satoshi Club (@esatoshiclub) using analysis from IntoTheBlock, Bitcoin’s leverage ratio has surged to levels not seen since the collapse of the FTX exchange.

As of recent data, Bitcoin’s leverage ratio has reached a two-year high, signaling an intense level of risk-taking in the market.

When leverage reaches high levels, even small price changes can trigger mass liquidations, leading to a “deleveraging” event that rapidly drives prices down.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Bitcoin Leverage Ratio Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 21:05:29 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 1070 words

Reading Time: 6 minutes read

Sentences: 56 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23473273

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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