{"id":485159,"date":"2022-03-04T19:00:53","date_gmt":"2022-03-04T19:00:53","guid":{"rendered":"https:\/\/wncen.com\/?p=485159"},"modified":"2024-06-11T14:18:00","modified_gmt":"2024-06-11T14:18:00","slug":"bitcoin-leverage-ratio-remains-high-drop","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-leverage-ratio-remains-high-drop\/","title":{"rendered":"Bitcoin Leverage Ratio Remains High Despite Recent Drop"},"content":{"rendered":"

On-chain data shows the Bitcoin leverage ratio has continued to stay at high values despite the recent decline in the crypto’s price.<\/p>\n

Bitcoin Leverage Ratio Hasn’t Budged Much In Response To Price Plunge<\/h2>\n

As pointed out by an analyst in a CryptoQuant post<\/a>, the BTC leverage ratio has remained at high values recently, despite the price declining to $41k.<\/p>\n

The “estimated leverage ratio<\/a>” is an indicator that’s calculated by dividing the open interest with the exchange reserve. In simpler terms, what this metric tells us about is how much leverage Bitcoin futures investors are using at the moment.<\/p>\n

Here, “open interest” is the measure of the total amount of futures contracts open on derivatives exchanges. And the “exchange reserve” is the total amount of coins currently present in wallets of all derivative exchanges.<\/p>\n

When the value of the Bitcoin leverage ratio goes up, it means investors have started to add more leverage to their positions.<\/p>\n

On the other hand, a decline shows futures holders are closing up their positions. This may be due to mass liquidations or because of investors opting to take less risk right now.<\/p>\n

A mass liquidation event<\/a> (often called a long or short squeeze) occurs when the price of Bitcoin makes a sharp swing, leading to a cascade of liquidations in the market.<\/p>\n

Now, here is a chart that shows the trend in the indicator over the past week:<\/p>\n

\"Bitcoin<\/p>\n

Looks like the ratio has been at high values recently | Source: CryptoQuant<\/a><\/pre>\n
As you can see in the above graph, while the price of the coin has gone down, the leverage ratio has remained at high values.<\/p>\n
Related Reading |\u00a0Bitcoin Prices Dragged Down By Geopolitical Tensions, Ukraine Nuke Plant Fire<\/a><\/em><\/strong><\/p>\n
The open interest has also declined slightly, which means there are fewer positions open currently. This implies that the average leverage per position has actually gone up.<\/p>\n
The quant in the post believes that this trend may show that Bitcoin investors are now getting bolder and taking more risks.<\/p>\n
Since the funding rate is about neutral right now (another indicator that can help us estimate the ratio between longs and shorts), it implies there are about as many long positions as short positions.<\/p>\n
Related Reading |\u00a0Bitcoin Bearish Signal: Exchanges Observe Huge Inflow From Long-Term Holders<\/a><\/em><\/strong><\/p>\n
The price action in the near future may be of interest as a sharp move in either direction can cause a squeeze and push the value of Bitcoin further in that direction.<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin’s price<\/a> floats around $41.4k, up 5% in the last week.<\/p>\n
\"Bitcoin<\/p>\n
BTC's price seems to have plunged down over the past day | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
On-chain data shows the Bitcoin leverage ratio has continued to stay at high values despite the recent decline in the crypto’s price. Bitcoin Leverage Ratio Hasn’t Budged Much In Response To Price Plunge As pointed out by an analyst in a CryptoQuant post, the BTC leverage ratio has remained at high values recently, despite the price declining to $41k. The “estimated leverage ratio” is an indicator that’s calculated by dividing the open interest with the exchange reserve. In simpler terms, what this metric tells us about is how much leverage Bitcoin futures investors are using at the moment. Here, “open interest” is the measure of the total amount of futures contracts open on derivatives exchanges. And the “exchange reserve” is the total amount of coins currently present in wallets of all derivative exchanges. When the value of the Bitcoin leverage ratio goes up, it means investors have started to add more leverage to their positions. On the other hand, a decline shows futures holders are closing up their positions. This may be due to mass liquidations or because of investors opting to take less risk right now. A mass liquidation event (often called a long or short squeeze) occurs when the price of Bitcoin makes a sharp swing, leading to a cascade of liquidations in the market. Now, here is a chart that shows the trend in the indicator over the past week: Looks like the ratio has been at high values recently | Source: CryptoQuant As you can see in the above graph, while the price of the coin has gone down, the leverage ratio has remained at high values. Related Reading |\u00a0Bitcoin Prices Dragged Down By Geopolitical Tensions, Ukraine Nuke Plant Fire The open interest has also declined slightly, which means there are fewer positions open currently. This implies that the average leverage per position has actually gone up. The quant in the post believes that this trend may show that Bitcoin investors are now getting bolder and taking more risks. Since the funding rate is about neutral right now (another indicator that can help us estimate the ratio between longs and shorts), it implies there are about as many long positions as short positions. Related Reading |\u00a0Bitcoin Bearish Signal: Exchanges Observe Huge Inflow From Long-Term Holders The price action in the near future may be of interest as a sharp move in either direction can cause a squeeze and push the value of Bitcoin further in that direction. BTC Price At the time of writing, Bitcoin’s price floats around $41.4k, up 5% in the last week. BTC’s price seems to have plunged down over the past day | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":485178,"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":[428,85011,684,1119,1144],"class_list":["post-485159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-leverage-ratio","tag-bitcoin-price-drop","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nBitcoin Leverage Ratio Remains High Despite Recent Drop<\/title>\n<meta name=\"description\" content=\"On-chain data shows the Bitcoin leverage ratio has continued to stay at high values despite the recent decline in the crypto's price. 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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 Remains High Despite Recent Drop","url":"http:\/\/wncen.com\/news\/bitcoin-leverage-ratio-remains-high-drop\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-leverage-ratio-remains-high-drop\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/03\/quantitatives-q3Z1G-0v4T0-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/03\/quantitatives-q3Z1G-0v4T0-unsplash-scaled.jpg?fit=2560%2C1703"},"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","bitcoin price drop","btc","btcusd"],"dateCreated":"2022-03-04T19:00:53Z","datePublished":"2022-03-04T19:00:53Z","dateModified":"2024-06-11T14:18:00Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Leverage Ratio Remains High Despite Recent Drop\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-leverage-ratio-remains-high-drop\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-leverage-ratio-remains-high-drop\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/quantitatives-q3Z1G-0v4T0-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/quantitatives-q3Z1G-0v4T0-unsplash-scaled.jpg?fit=2560%2C1703\"},\"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\",\"bitcoin price drop\",\"btc\",\"btcusd\"],\"dateCreated\":\"2022-03-04T19:00:53Z\",\"datePublished\":\"2022-03-04T19:00:53Z\",\"dateModified\":\"2024-06-11T14:18:00Z\"}<\/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\/03\/quantitatives-q3Z1G-0v4T0-unsplash-scaled.jpg?fit=2560%2C1703","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/485159","targetHints":{"allow":["GET"]}}],"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=485159"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/485159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/485178"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=485159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=485159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=485159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}