{"id":641292,"date":"2024-09-12T08:00:13","date_gmt":"2024-09-12T08:00:13","guid":{"rendered":"https:\/\/www.wncen.com\/?p=641292"},"modified":"2024-09-12T04:16:45","modified_gmt":"2024-09-12T04:16:45","slug":"bitcoin-leverage-ratio-hits-new-high-what-does-this-mean-btc","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/bitcoin-news\/bitcoin-leverage-ratio-hits-new-high-what-does-this-mean-btc\/","title":{"rendered":"Bitcoin\u2019s Leverage Ratio Hits New High: What Does This Mean BTC?"},"content":{"rendered":"<p>The Bitcoin derivatives market has reached a notable milestone, as the estimated leverage ratio for the asset has surged to its highest level of the year, latest <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/66e16b586884f07ba4318780-Bitcoins-Estimated-Leverage-Ratio-Soars-to-New-YTD-High?utm_source=twitter&amp;utm_medium=sns&amp;utm_campaign=quicktake&amp;utm_content=egyhash\" target=\"_blank\" rel=\"noopener nofollow\">data<\/a> from CryptoQuant shows.<\/p>\n<p>This metric, which tracks the ratio of open interest to coin reserves on exchanges, signals increased leverage use among market participants. The growing trend suggests that investors are taking on more risk by &#8220;employing higher leverage,&#8221; which could significantly impact Bitcoin\u2019s price.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/analysis\/btc\/bitcoin-price-battles-58k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Price Battles to Extend Gains: Will It Clear $58K?<\/a><\/div>\n<h2>The Impact Of High Leverage On Bitcoin\u2019s Market<\/h2>\n<p>The increase in Bitcoin\u2019s estimated leverage ratio highlights the growing use of leverage among investors in the derivatives market. Leverage allows traders to borrow funds to increase their exposure to Bitcoin without needing to hold the full amount of capital upfront.<\/p>\n<p>While this can amplify profits during periods of <a href=\"https:\/\/www.wncen.com\/analysis\/btc\/bitcoin-price-battles-58k\/\" target=\"_blank\" rel=\"noopener \">market upswings<\/a>, it also increases the risk of significant losses if the market moves against the position.<\/p>\n<figure style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/565220\/quicktake\/DBxZZJhDe_f29e0f161c604d05448ec1b8ae5e55a83c9e595b34994d2973ac2db03bfecd86.png?resize=1280%2C720&#038;ssl=1\" alt=\"Bitcoin Estimated Leverage Ratio. \" width=\"1280\" height=\"720\"><figcaption class=\"wp-caption-text\">Bitcoin Estimated Leverage Ratio. | Source: CryptoQuant<\/figcaption><\/figure>\n<p>A high leverage ratio can often be a double-edged sword for the crypto market. On the one hand, it may indicate that investors are increasingly confident in Bitcoin\u2019s potential for an upward move, especially if the market sees a breakout.<\/p>\n<p>On the other hand, if Bitcoin\u2019s price continues to decline, it could lead to a wave of liquidations as overleveraged positions are forced to close, <a href=\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-recovery-60000-55881\/\" target=\"_blank\" rel=\"noopener \">exacerbating the downward pressure<\/a>.<\/p>\n<p>This trend of rising leverage has drawn attention from various market analysts. CryptoQuant analyst EgyHash pointed out that the estimated leverage ratio reaching its highest point this year could lead to increased volatility in the market.<\/p>\n<p>The higher the leverage, the more sensitive the market becomes to price swings, as even small moves can trigger liquidations and create cascading effects.<\/p>\n<h2>Analysts Weigh In On Bitcoin Future<\/h2>\n<p>Meanwhile, Bitcoin\u2019s price continues to <a href=\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-consecutive-heikin-ashi\/\" target=\"_blank\" rel=\"noopener \">face challenges<\/a>, particularly its inability to break above key resistance.<\/p>\n<p>The cryptocurrency has struggled to maintain momentum, and despite the increased leverage in the market, Bitcoin has experienced a mere 0.2% increase over the past 24 hours and a 2.1% drop over the past week. As a result, the asset is now trading below $57,000, with a <a href=\"https:\/\/www.wncen.com\/bitcoin-news\/bitcoin-recovery-btc-prevented-41000-with-surge\/\" target=\"_blank\" rel=\"noopener \">current price of $56,871<\/a>.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/lzzs37BZ\/\" alt=\"Bitcoin (BTC) price chart on TradingView\" width=\"2770\" height=\"1496\"><figcaption class=\"wp-caption-text\">BTC price is moving sideways on the 1-hour chart. Source: BTC\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p>While Bitcoin\u2019s price remains under pressure, several prominent crypto analysts have shared their perspectives on what lies ahead for the cryptocurrency.<\/p>\n<p>Among them is the analyst known as CryptoBullet, who recently compared Bitcoin\u2019s current cycle to previous bull markets.<\/p>\n<p>In a post on X, CryptoBullet <a href=\"https:\/\/twitter.com\/CryptoBullet1\/status\/78598467?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">highlighted<\/a> the similarities between the present market and Bitcoin\u2019s 2013 cycle, noting that the Stochastic Relative Strength Index (Stoch RSI) has shown patterns that mirror those seen during the 2013 rally.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/bitcoin-news\/bitcoin-recovery-btc-prevented-41000-with-surge\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Recovery: Has BTC Prevented A Fall To $41,000 With This Surge?<\/a><\/div>\n<p>CryptoBullet\u2019s analysis suggests that Bitcoin could enter the final phase of its current cycle, with the potential for a \u201cWave 5\u201d price surge that could push the <a href=\"https:\/\/www.wncen.com\/breaking-news-ticker\/bitcoin-shakeout-ahead-analysts-predict-final-dip-before-bull-run-resumes\/\" target=\"_blank\" rel=\"noopener \">asset to new highs<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">#Bitcoin<\/a> 1M Big Picture<\/p>\n<p>This cycle doesn\u2019t look like the 2017 or 2021 cycle. IMO it\u2019s more like 2013 and Stoch RSI confirms it \ud83d\udc47<\/p>\n<p>This cycle Stoch RSI peaked in March and during this 6-Month Consolidation in Wave 4 the Stoch RSI went lower than in 2016-2017 or in H2 2020-2021\u2026 <a href=\"https:\/\/t.co\/Ni9NHHKxis\" target=\"_blank\" rel=\"noopener nofollow\">https:\/\/t.co\/Ni9NHHKxis<\/a> <a href=\"https:\/\/t.co\/nreQcpAIFP\" target=\"_blank\" rel=\"noopener nofollow\">pic.twitter.com\/nreQcpAIFP<\/a><\/p>\n<p>\u2014 CryptoBullet (@CryptoBullet1) <a href=\"https:\/\/twitter.com\/CryptoBullet1\/status\/78598467?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">September 10, 2024<\/a><\/p><\/blockquote>\n<p>While the analyst acknowledged that this cycle differs from those of 2017 and 2021, the technical indicators point to the possibility of a higher high on Bitcoin\u2019s price chart shortly.<\/p>\n<p>Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bitcoin derivatives market has reached a notable milestone, as the estimated leverage ratio for the asset has surged to its highest level of the year, latest data from CryptoQuant shows. This metric, which tracks the ratio of open interest to coin reserves on exchanges, signals increased leverage use among market participants. The growing trend suggests that investors are taking on more risk by &#8220;employing higher leverage,&#8221; which could significantly impact Bitcoin\u2019s price. Related Reading: Bitcoin Price Battles to Extend Gains: Will It Clear $58K? The Impact Of High Leverage On Bitcoin\u2019s Market The increase in Bitcoin\u2019s estimated leverage ratio highlights the growing use of leverage among investors in the derivatives market. Leverage allows traders to borrow funds to increase their exposure to Bitcoin without needing to hold the full amount of capital upfront. While this can amplify profits during periods of market upswings, it also increases the risk of significant losses if the market moves against the position. A high leverage ratio can often be a double-edged sword for the crypto market. On the one hand, it may indicate that investors are increasingly confident in Bitcoin\u2019s potential for an upward move, especially if the market sees a breakout. On the other hand, if Bitcoin\u2019s price continues to decline, it could lead to a wave of liquidations as overleveraged positions are forced to close, exacerbating the downward pressure. This trend of rising leverage has drawn attention from various market analysts. CryptoQuant analyst EgyHash pointed out that the estimated leverage ratio reaching its highest point this year could lead to increased volatility in the market. The higher the leverage, the more sensitive the market becomes to price swings, as even small moves can trigger liquidations and create cascading effects. Analysts Weigh In On Bitcoin Future Meanwhile, Bitcoin\u2019s price continues to face challenges, particularly its inability to break above key resistance. The cryptocurrency has struggled to maintain momentum, and despite the increased leverage in the market, Bitcoin has experienced a mere 0.2% increase over the past 24 hours and a 2.1% drop over the past week. As a result, the asset is now trading below $57,000, with a current price of $56,871. While Bitcoin\u2019s price remains under pressure, several prominent crypto analysts have shared their perspectives on what lies ahead for the cryptocurrency. Among them is the analyst known as CryptoBullet, who recently compared Bitcoin\u2019s current cycle to previous bull markets. In a post on X, CryptoBullet highlighted the similarities between the present market and Bitcoin\u2019s 2013 cycle, noting that the Stochastic Relative Strength Index (Stoch RSI) has shown patterns that mirror those seen during the 2013 rally. Related Reading: Bitcoin Recovery: Has BTC Prevented A Fall To $41,000 With This Surge? CryptoBullet\u2019s analysis suggests that Bitcoin could enter the final phase of its current cycle, with the potential for a \u201cWave 5\u201d price surge that could push the asset to new highs. #Bitcoin 1M Big Picture This cycle doesn\u2019t look like the 2017 or 2021 cycle. IMO it\u2019s more like 2013 and Stoch RSI confirms it \ud83d\udc47 This cycle Stoch RSI peaked in March and during this 6-Month Consolidation in Wave 4 the Stoch RSI went lower than in 2016-2017 or in H2 2020-2021\u2026 https:\/\/t.co\/Ni9NHHKxis pic.twitter.com\/nreQcpAIFP \u2014 CryptoBullet (@CryptoBullet1) September 10, 2024 While the analyst acknowledged that this cycle differs from those of 2017 and 2021, the technical indicators point to the possibility of a higher high on Bitcoin\u2019s price chart shortly. Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":641296,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,629,1119,78790,6664,10923,83531],"class_list":["post-641292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-market","tag-btc","tag-btcusdt","tag-crypto","tag-crypto-market","tag-cryptoquant"],"acf":[],"yoast_head":"\n<title>Bitcoin Leverage Ratio Hits New High: What Does This Mean BTC?<\/title>\n<meta name=\"description\" content=\"Bitcoin derivatives market has reached a notable milestone, as the estimated leverage ratio for the asset has surged to its highest level...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/www.wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin\u2019s Leverage Ratio Hits New High: What Does This Mean BTC?","url":"http:\/\/www.wncen.com\/bitcoin-news\/bitcoin-leverage-ratio-hits-new-high-what-does-this-mean-btc\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/bitcoin-news\/bitcoin-leverage-ratio-hits-new-high-what-does-this-mean-btc\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-11-17.35.44-A-digital-illustration-depicting-Bitcoins-leverage-ratio-hitting-a-new-high-and-what-it-could-mean-for-BTC.-The-image-features-a-Bitcoin-symbol-with.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-11-17.35.44-A-digital-illustration-depicting-Bitcoins-leverage-ratio-hitting-a-new-high-and-what-it-could-mean-for-BTC.-The-image-features-a-Bitcoin-symbol-with.jpg?fit=1024%2C1024"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin market","btc","btcusdt","crypto","crypto market","cryptoquant"],"dateCreated":"2024-09-12T08:00:13Z","datePublished":"2024-09-12T08:00:13Z","dateModified":"2024-09-12T08:00:13Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin\\u2019s Leverage Ratio Hits New High: What Does This Mean BTC?\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/bitcoin-news\\\/bitcoin-leverage-ratio-hits-new-high-what-does-this-mean-btc\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/bitcoin-news\\\/bitcoin-leverage-ratio-hits-new-high-what-does-this-mean-btc\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/DALL\\u00b7E-2024-09-11-17.35.44-A-digital-illustration-depicting-Bitcoins-leverage-ratio-hitting-a-new-high-and-what-it-could-mean-for-BTC.-The-image-features-a-Bitcoin-symbol-with.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/DALL\\u00b7E-2024-09-11-17.35.44-A-digital-illustration-depicting-Bitcoins-leverage-ratio-hitting-a-new-high-and-what-it-could-mean-for-BTC.-The-image-features-a-Bitcoin-symbol-with.jpg?fit=1024%2C1024\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin market\",\"btc\",\"btcusdt\",\"crypto\",\"crypto market\",\"cryptoquant\"],\"dateCreated\":\"2024-09-12T08:00:13Z\",\"datePublished\":\"2024-09-12T08:00:13Z\",\"dateModified\":\"2024-09-12T08:00:13Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-11-17.35.44-A-digital-illustration-depicting-Bitcoins-leverage-ratio-hitting-a-new-high-and-what-it-could-mean-for-BTC.-The-image-features-a-Bitcoin-symbol-with.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/641292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/comments?post=641292"}],"version-history":[{"count":0,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/641292\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/641296"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=641292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=641292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=641292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}