{"id":479862,"date":"2021-12-27T19:00:32","date_gmt":"2021-12-27T19:00:32","guid":{"rendered":"https:\/\/wncen.com\/?p=479862"},"modified":"2024-06-11T13:08:53","modified_gmt":"2024-06-11T13:08:53","slug":"bitcoin-leverage-ratio-new-ath-more-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-leverage-ratio-new-ath-more-price\/","title":{"rendered":"Bitcoin Leverage Ratio Hits New ATH, Is More Price Decline Coming?"},"content":{"rendered":"

On-chain data shows Bitcoin leverage ratio has hit a new all-time high (ATH). This may mean that a price correction could soon follow.<\/p>\n

Bitcoin Leverage Ratio Reaches New Highs, Correction Incoming?<\/h2>\n

As pointed out by an analyst in a CryptoQuant post<\/a>, the BTC leverage ratio has made a new ATH recently. This increases the possibility of a correction happening soon to flush out all the excess leverage.<\/p>\n

The “all exchanges estimated leverage ratio<\/a>” is an indicator that estimates how much leverage is used by Bitcoin investors on derivatives exchanges, on average.<\/p>\n

There are two related metrics here. The first is the “open interest<\/a>,” which measures the total amount of futures contracts currently open in the market. And the other is the “exchange reserve” that tells us how much BTC is stored in derivatives exchange wallets.<\/p>\n

The value of the leverage ratio is calculated as the open interest divided by the exchange reserve. With the help of this metric, it becomes possible to tell whether investors are currently taking low risk or high risk.<\/p>\n

When the value of the indicator rises, it means investors are taking on more leverage. High values of the metric may mean the market is currently over-leveraged, which could lead to higher volatility in Bitcoin.<\/p>\n

Related Reading |\u00a0Quant Explains How Large Bitcoin Leverage Ratio Can Help Turnaround Price<\/a><\/strong><\/em><\/p>\n

On the other hand, low values of the indicator imply there isn’t much leverage in the market right now. Here is a chart that shows the trend in the BTC leverage ratio over the past few months:<\/p>\n

<\/p>\n

Looks like the indicator has recently hit a new ATH | Source: CryptoQuant<\/a><\/pre>\n
As you can see in the above graph, the Bitcoin leverage ratio has been on the rise lately. Just recently the metric also achieved a new all-time high.<\/p>\n
Related Reading |\u00a0Growth Of Bitcoin ETFs & Other Instruments Doesn’t Support Supply Shock Narrative<\/a><\/em><\/strong><\/p>\n
The quant believes that such high values of the ratio may mean that a correction in the price of the coin could soon come, wiping away all the excess leverage with it.<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin’s price<\/a> floats around $50.9k, up 11% in the last seven days. Over the past thirty days, the crypto has stacked 6% in losses.<\/p>\n
The below chart shows the trend in the price of BTC over the last five days.<\/p>\n
\"Bitcoin<\/p>\n
BTC's price surged up a few days ago, but has since moved sideways | Source: BTCUSD on TradingView<\/a><\/pre>\n
Bitcoin has established a footing above the $50k price level in the past few days, but it’s unclear at the moment when the coin might retest higher levels. If the leverage ratio is anything to go by, another correction might soon wipe away this recovery instead.<\/p>\n
Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
On-chain data shows Bitcoin leverage ratio has hit a new all-time high (ATH). This may mean that a price correction could soon follow. Bitcoin Leverage Ratio Reaches New Highs, Correction Incoming? As pointed out by an analyst in a CryptoQuant post, the BTC leverage ratio has made a new ATH recently. This increases the possibility of a correction happening soon to flush out all the excess leverage. The “all exchanges estimated leverage ratio” is an indicator that estimates how much leverage is used by Bitcoin investors on derivatives exchanges, on average. There are two related metrics here. The first is the “open interest,” which measures the total amount of futures contracts currently open in the market. And the other is the “exchange reserve” that tells us how much BTC is stored in derivatives exchange wallets. The value of the leverage ratio is calculated as the open interest divided by the exchange reserve. With the help of this metric, it becomes possible to tell whether investors are currently taking low risk or high risk. When the value of the indicator rises, it means investors are taking on more leverage. High values of the metric may mean the market is currently over-leveraged, which could lead to higher volatility in Bitcoin. Related Reading |\u00a0Quant Explains How Large Bitcoin Leverage Ratio Can Help Turnaround Price On the other hand, low values of the indicator imply there isn’t much leverage in the market right now. Here is a chart that shows the trend in the BTC leverage ratio over the past few months: Looks like the indicator has recently hit a new ATH | Source: CryptoQuant As you can see in the above graph, the Bitcoin leverage ratio has been on the rise lately. Just recently the metric also achieved a new all-time high. Related Reading |\u00a0Growth Of Bitcoin ETFs & Other Instruments Doesn’t Support Supply Shock Narrative The quant believes that such high values of the ratio may mean that a correction in the price of the coin could soon come, wiping away all the excess leverage with it. BTC Price At the time of writing, Bitcoin’s price floats around $50.9k, up 11% in the last seven days. Over the past thirty days, the crypto has stacked 6% in losses. The below chart shows the trend in the price of BTC over the last five days. BTC’s price surged up a few days ago, but has since moved sideways | Source: BTCUSD on TradingView Bitcoin has established a footing above the $50k price level in the past few days, but it’s unclear at the moment when the coin might retest higher levels. If the leverage ratio is anything to go by, another correction might soon wipe away this recovery instead. Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":479866,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,461,85011,1119,1144],"class_list":["post-479862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-bearish","tag-bitcoin-leverage-ratio","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nBitcoin Leverage Ratio Hits New ATH, Is More Price Decline Coming?<\/title>\n<meta name=\"description\" content=\"On-chain data shows Bitcoin leverage ratio has hit a new all-time high (ATH). This may mean that a price correction could soon follow. 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Leverage Ratio Hits New ATH, Is More Price Decline Coming?","url":"http:\/\/wncen.com\/news\/bitcoin-leverage-ratio-new-ath-more-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-leverage-ratio-new-ath-more-price\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/12\/jessica-weiller-kZ8dyUT0h30-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/12\/jessica-weiller-kZ8dyUT0h30-unsplash-scaled.jpg?fit=2560%2C1707"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin bearish","bitcoin leverage ratio","btc","btcusd"],"dateCreated":"2021-12-27T19:00:32Z","datePublished":"2021-12-27T19:00:32Z","dateModified":"2024-06-11T13:08:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Leverage Ratio Hits New ATH, Is More Price Decline Coming?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-leverage-ratio-new-ath-more-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-leverage-ratio-new-ath-more-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/jessica-weiller-kZ8dyUT0h30-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/jessica-weiller-kZ8dyUT0h30-unsplash-scaled.jpg?fit=2560%2C1707\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin bearish\",\"bitcoin leverage ratio\",\"btc\",\"btcusd\"],\"dateCreated\":\"2021-12-27T19:00:32Z\",\"datePublished\":\"2021-12-27T19:00:32Z\",\"dateModified\":\"2024-06-11T13:08:53Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/12\/jessica-weiller-kZ8dyUT0h30-unsplash-scaled.jpg?fit=2560%2C1707","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/479862"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=479862"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/479862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/479866"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=479862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=479862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=479862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}