đ„ The chart shows a significant accumulation of leveraged positions in the futures market of #Bitcoin .
In particular, in the most recent period (from January 2024 to September 2024), we can observe that the Estimated Future Leverage Ratio (ELR) remains high and stable, as marked by the orange circles.
This accumulation of leveraged positions is often a sign that the market is accumulating energy and is likely to experience strong volatility in the near future. When there are many leveraged positions, the market becomes more sensitive to price changes, and a small move can also trigger a chain reaction leading to large volatility.
Therefore, based on this data, it can be predicted that a period of significant volatility in the price of Bitcoin may be imminent. You should prepare yourself for this possibility and adjust your trading strategy accordingly.
