{"id":482871,"date":"2022-02-04T19:00:39","date_gmt":"2022-02-04T19:00:39","guid":{"rendered":"https:\/\/wncen.com\/?p=482871"},"modified":"2024-06-11T07:48:43","modified_gmt":"2024-06-11T07:48:43","slug":"bitcoin-leverage-ratio-more-decline-coming","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-leverage-ratio-more-decline-coming\/","title":{"rendered":"Bitcoin Leverage Ratio Suggests More Decline May Be Coming"},"content":{"rendered":"

A quant explains why the current high Bitcoin leverage ratio values may mean that more price drop could be coming soon.<\/p>\n

Current Bitcoin Leverage Ratio Is At High Values<\/h2>\n

As explained by an analyst in a CryptoQuant post<\/a>, the current BTC leverage ratio has high values, and if past pattern is anything to go by, a correction may be coming to the price soon.<\/p>\n

The “estimated leverage ratio<\/a>” is an indictor that’s defined as the value of the Bitcoin open interest divided by the reserve of all exchanges.<\/p>\n

In simpler terms, what this metric tells us is the amount of leverage that an average user is making use of at the moment.<\/p>\n

When the value of this indicator rises, it means investors are taking on more risk as they are increasing the leverage on their positions.<\/p>\n

During such a trend, the volatility in the price of BTC may also go up. At sufficiently high values of the ratio, the market may be considered overleveraged, and a liquidation squeeze could follow to wipe out the excess leverage.<\/p>\n

Related Reading |\u00a0Market Re-Enters Extreme Fear Territory As Bitcoin Declines To $36k<\/a><\/em><\/strong><\/p>\n

In a liquidation squeeze, a big swing in the price causes a cascade of futures liquidations that amplify the price move further.<\/p>\n

Now, here is a chart that shows the trend in the Bitcoin leverage ratio over the past year:<\/p>\n

\"Bitcoin<\/p>\n

Looks like the value of the indicator has been high recently | Source: CryptoQuant<\/a><\/pre>\n
In the above graph, the quant has highlighted the different regions where the Bitcoin leverage ratio sharply dropped. Along with that, the direction of the price following these liquidation squeezes is also marked.<\/p>\n
Yellow indicates a long squeeze. During such an event, the price of the crypto declines along with the indicator. Similarly, green marks a short squeeze where the price moves oppositely to the ratio.<\/p>\n
Related Reading |\u00a0Bitcoin On-Chain Demands Suggests That The Market Has Reached Its Bottom<\/a><\/strong><\/em><\/p>\n
In the period of the chart, most of the liquidation incidents have involved longs. As you can see in the above graph, the ratio has now once again risen to quite high values.<\/p>\n
The quant thus believes that we may see another similar yellow region soon as the probability of it has been higher during such bearish market conditions as now.<\/p>\n
However, the pattern of another indicator, the Bitcoin volatility index, rather suggests that a short squeeze may be coming next<\/a>. In such an outcome, the price of the coin will be bullish.<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin’s price<\/a> floats around $37.9k, up 4% in the last seven days. The below chart shows the trend in the price of the crypto over the past five days.<\/p>\n
\"Bitcoin<\/p>\n
BTC's price has once again surged to around $38k | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
A quant explains why the current high Bitcoin leverage ratio values may mean that more price drop could be coming soon. Current Bitcoin Leverage Ratio Is At High Values As explained by an analyst in a CryptoQuant post, the current BTC leverage ratio has high values, and if past pattern is anything to go by, a correction may be coming to the price soon. The “estimated leverage ratio” is an indictor that’s defined as the value of the Bitcoin open interest divided by the reserve of all exchanges. In simpler terms, what this metric tells us is the amount of leverage that an average user is making use of at the moment. When the value of this indicator rises, it means investors are taking on more risk as they are increasing the leverage on their positions. During such a trend, the volatility in the price of BTC may also go up. At sufficiently high values of the ratio, the market may be considered overleveraged, and a liquidation squeeze could follow to wipe out the excess leverage. Related Reading |\u00a0Market Re-Enters Extreme Fear Territory As Bitcoin Declines To $36k In a liquidation squeeze, a big swing in the price causes a cascade of futures liquidations that amplify the price move further. Now, here is a chart that shows the trend in the Bitcoin leverage ratio over the past year: Looks like the value of the indicator has been high recently | Source: CryptoQuant In the above graph, the quant has highlighted the different regions where the Bitcoin leverage ratio sharply dropped. Along with that, the direction of the price following these liquidation squeezes is also marked. Yellow indicates a long squeeze. During such an event, the price of the crypto declines along with the indicator. Similarly, green marks a short squeeze where the price moves oppositely to the ratio. Related Reading |\u00a0Bitcoin On-Chain Demands Suggests That The Market Has Reached Its Bottom In the period of the chart, most of the liquidation incidents have involved longs. As you can see in the above graph, the ratio has now once again risen to quite high values. The quant thus believes that we may see another similar yellow region soon as the probability of it has been higher during such bearish market conditions as now. However, the pattern of another indicator, the Bitcoin volatility index, rather suggests that a short squeeze may be coming next. In such an outcome, the price of the coin will be bullish. BTC Price At the time of writing, Bitcoin’s price floats around $37.9k, up 4% in the last seven days. The below chart shows the trend in the price of the crypto over the past five days. BTC’s price has once again surged to around $38k | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":482875,"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":[428,85011,1119,1144],"class_list":["post-482871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-leverage-ratio","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nBitcoin Leverage Ratio Suggests More Decline May Be Coming<\/title>\n<meta name=\"description\" content=\"A quant explains why the current high Bitcoin leverage ratio values may mean that more price drop could be coming soon. 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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 Suggests More Decline May Be Coming","url":"http:\/\/wncen.com\/news\/bitcoin-leverage-ratio-more-decline-coming\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-leverage-ratio-more-decline-coming\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/mana5280-7AEALf1Im8I-unsplash-1-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/mana5280-7AEALf1Im8I-unsplash-1-scaled.jpg?fit=2560%2C1595"},"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 leverage ratio","btc","btcusd"],"dateCreated":"2022-02-04T19:00:39Z","datePublished":"2022-02-04T19:00:39Z","dateModified":"2024-06-11T07:48:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Leverage Ratio Suggests More Decline May Be Coming\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-leverage-ratio-more-decline-coming\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-leverage-ratio-more-decline-coming\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/mana5280-7AEALf1Im8I-unsplash-1-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/mana5280-7AEALf1Im8I-unsplash-1-scaled.jpg?fit=2560%2C1595\"},\"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 leverage ratio\",\"btc\",\"btcusd\"],\"dateCreated\":\"2022-02-04T19:00:39Z\",\"datePublished\":\"2022-02-04T19:00:39Z\",\"dateModified\":\"2024-06-11T07:48:43Z\"}<\/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\/2022\/02\/mana5280-7AEALf1Im8I-unsplash-1-scaled.jpg?fit=2560%2C1595","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/482871"}],"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=482871"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/482871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/482875"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=482871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=482871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=482871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}