Crypto_Lion
Leverage ratio decreased. Risk Off
After the presidential election, the leverage ratio decreased after November 21. In addition, indicators related to OI have also decreased. The derivatives buysell ratio and OI to marketcap also continue to turn downward relative to price. The large decrease in the leverage ratio means that OI is decreasing relative to the CEX BTC reserve. It is important to note that the CEX reserve has been declining for a long time and has been moved to the coinbase prime and bought to back ETFs. This means that risk-off may be more advanced than it appears. The source of the indicator is Mr. @ki_young_ju