Ethereum OI Jumps +8.2% As Traders Chase The Pump: Leverage Fueling ETH Again
Ethereum is showing early signs of recovery after a dramatic sell-off on Friday that sent prices plunging to $3,450. The drop came amid what analysts describe as the largest liquidation event in crypto market history, wiping out billions in leveraged positions across major exchanges. While bulls briefly lost control during the panic, ETH has since…
Ethereum Leverage Ratio Reaches Extreme Levels, What It Means
Data shows the Ethereum Estimated Leverage Ratio has shot up to extreme levels recently. Here’s what this could imply for the asset’s price. Ethereum Leverage Ratio Appears To Have Been Rising Recently As pointed out by an analyst in a CryptoQuant Quicktake Estimated Leverage Ratio” here refers to an indicator that keeps track of the…