In a dramatic week for Bitcoin price action, traders are keen to capitalize, hitting a new all-time high for the leverage ratio.
The estimated leverage ratio for Bitcoin (BTC) hit a new all-time high last night according to CryptoQuant. Further metrics point to growing leveraged interest, but liquidations have remained relatively low. According to on-chain analytics resource CryptoQuant, while the Bitcoin price fell off a cliff over the past 24 hours, the estimated leverage ratio reached 0.224, an all-time high. The metric works by dividing exchanges’ open interest by their coin reserve. The result shows how much leverage traders are using on average. A higher ratio, such as 0.22, indicates that more investors are taking high leverage risks. Conversely, lower values mean traders are increasingly risk-averse in their derivative trading. The blue line on the graph below, it’s trended upwards since June 2019. Estimated leve
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