Bitcoin ETF Anticipation: Market Leverage Plummets as Decision Nears
Key Takeaways Bitcoin traders are cautious ahead of the potential approval of the first Bitcoin ETF in the United States, despite impressive year-to-date growth; Bitcoin’s Estimated Leverage Ratio (ELR) nearing historic lows suggests reduced market leverage and a cautious approach by futures traders; Market sentiment has shifted from excitement to cautious anticipation regarding the …