- The borrowed funds in BTC have hit a yearly high.
- The price continues to struggle around the $60,000 price range.
Bitcoin [BTC] recently broke through its psychological barrier, entering the $60,000 price range. However, this milestone has brought significant pressure, with some whales taking profits and Bitcoin’s Estimated Leverage Ratio hitting a year-high.
Bitcoin leverage hits a year-high
According to data from CryptoQuant, Bitcoin’s Estimated Leverage Ratio surged to 0.216, the highest level seen in 2024. This metric reveals how much leverage (borrowed funds) is being used in Bitcoin trading.
Source: CryptoQuant
An increase in leverage typically suggests that traders are taking on more risk. Suppose the BTC price moves in the opposite direction of these leveraged positions.
In that case, it can lead to large-scale liquidations as leveraged positions are forcefully closed. This often results in rapid price drops.
Additionally, a rising leverage ratio signals potential price volatility. As more leverage enters the market, price movements, whether upward or downward, are amplified.
If BTC continues to rise alongside increasing leverage, it could lead to an overheated market, where any pullback might cause significant liquidations.
Alternatively, a sudden price drop could trigger liquidations, causing a sharp decline in BTC’s price.
Bitcoin faces resistance after price break
After surging by over 4% on 13th September, Bitcoin broke through its short-moving average, trading at around $60,543.
However, it struggled to sustain this momentum, as seen from subsequent trends. Bitcoin dropped by 0.8% in the following trading session to around $60,012.
Source: TradingView
BTC has slightly increased trading at around $60,095 as of this writing. The lack of a strong follow-up indicates that the asset has faced substantial selling pressure, with some investors taking profits after BTC’s rise.
Whales take advantage of price rise
Data from CryptoQuant showed that Bitcoin whale addresses took advantage of the recent price surge to realize profits. When BTC broke the $60,000 barrier, the realized profits of these whales spiked.
Read Bitcoin (BTC) Price Prediction 2024-25
Whale addresses reportedly took profits exceeding $50 million, capitalizing on the price increase.
This whale activity underscores Bitcoin’s pressure at this price level as large investors lock in gains, potentially leading to short-term price volatility.
- The borrowed funds in BTC have hit a yearly high.
- The price continues to struggle around the $60,000 price range.
Bitcoin [BTC] recently broke through its psychological barrier, entering the $60,000 price range. However, this milestone has brought significant pressure, with some whales taking profits and Bitcoin’s Estimated Leverage Ratio hitting a year-high.
Bitcoin leverage hits a year-high
According to data from CryptoQuant, Bitcoin’s Estimated Leverage Ratio surged to 0.216, the highest level seen in 2024. This metric reveals how much leverage (borrowed funds) is being used in Bitcoin trading.
Source: CryptoQuant
An increase in leverage typically suggests that traders are taking on more risk. Suppose the BTC price moves in the opposite direction of these leveraged positions.
In that case, it can lead to large-scale liquidations as leveraged positions are forcefully closed. This often results in rapid price drops.
Additionally, a rising leverage ratio signals potential price volatility. As more leverage enters the market, price movements, whether upward or downward, are amplified.
If BTC continues to rise alongside increasing leverage, it could lead to an overheated market, where any pullback might cause significant liquidations.
Alternatively, a sudden price drop could trigger liquidations, causing a sharp decline in BTC’s price.
Bitcoin faces resistance after price break
After surging by over 4% on 13th September, Bitcoin broke through its short-moving average, trading at around $60,543.
However, it struggled to sustain this momentum, as seen from subsequent trends. Bitcoin dropped by 0.8% in the following trading session to around $60,012.
Source: TradingView
BTC has slightly increased trading at around $60,095 as of this writing. The lack of a strong follow-up indicates that the asset has faced substantial selling pressure, with some investors taking profits after BTC’s rise.
Whales take advantage of price rise
Data from CryptoQuant showed that Bitcoin whale addresses took advantage of the recent price surge to realize profits. When BTC broke the $60,000 barrier, the realized profits of these whales spiked.
Read Bitcoin (BTC) Price Prediction 2024-25
Whale addresses reportedly took profits exceeding $50 million, capitalizing on the price increase.
This whale activity underscores Bitcoin’s pressure at this price level as large investors lock in gains, potentially leading to short-term price volatility.
how to buy cheap clomid without prescription where can i buy cheap clomiphene without prescription where can i buy generic clomid pill can you get generic clomid prices clomid price walmart buying cheap clomid without prescription get cheap clomiphene online
This website absolutely has all of the bumf and facts I needed about this thesis and didn’t positive who to ask.
The thoroughness in this draft is noteworthy.
zithromax 500mg us – buy azithromycin metronidazole ca
buy semaglutide 14mg pills – buy cyproheptadine 4mg online buy cyproheptadine 4mg without prescription
buy motilium 10mg for sale – buy sumycin 250mg generic flexeril without prescription
propranolol cost – buy methotrexate online order methotrexate 2.5mg online
purchase amoxicillin sale – buy generic ipratropium 100 mcg buy ipratropium cheap
order zithromax – buy generic bystolic online bystolic 20mg canada
order augmentin 625mg for sale – at bio info order ampicillin pills
esomeprazole 40mg brand – nexiumtous cost esomeprazole 20mg
coumadin 2mg canada – coumamide.com buy losartan without prescription
buy mobic 7.5mg – mobo sin where can i buy mobic
deltasone without prescription – https://apreplson.com/ prednisone us
where to buy ed pills online – over the counter erectile dysfunction pills best ed pills non prescription
amoxil pill – buy amoxil pill purchase amoxicillin sale
buy forcan pills for sale – https://gpdifluca.com/ forcan for sale
cenforce 100mg pills – this order cenforce pills
cialis prescription assistance program – ciltad genesis how long does cialis take to work
cialis dosage side effects – https://strongtadafl.com/# tadalafil citrate powder
buy zantac 150mg online – purchase zantac generic ranitidine 150mg ca
cheap viagra 100 – https://strongvpls.com/ viagra 100 mg prices
I am actually thrilled to coup d’oeil at this blog posts which consists of tons of profitable facts, thanks for providing such data. accutane para dormir
The reconditeness in this piece is exceptional. prednisone for bronchitis
This is a topic which is in to my fundamentals… Many thanks! Quite where can I upon the acquaintance details an eye to questions? https://ursxdol.com/prednisone-5mg-tablets/
This is the big-hearted of criticism I in fact appreciate. https://prohnrg.com/product/omeprazole-20-mg/
I am in point of fact happy to gleam at this blog posts which consists of tons of of use facts, thanks for providing such data. propecia prix pharmacie
I’ll certainly bring to review more. https://ondactone.com/spironolactone/
Proof blog you be undergoing here.. It’s severely to espy high quality writing like yours these days. I truly appreciate individuals like you! Rent guardianship!!
levofloxacin 500mg drug
More articles like this would make the blogosphere richer. http://www.01.com.hk/member.php?Action=viewprofile&username=Ibgdrq
buy cheap generic forxiga – https://janozin.com/# buy forxiga
order xenical – https://asacostat.com/ xenical price
This is the kind of scribble literary works I rightly appreciate. http://www.01.com.hk/member.php?Action=viewprofile&username=Hxcbmx