BaroVirtual
BTC's leverage ratio hints at a potential bullish impulse, but after that, a downward correction could follow
The percentage change (21d) in the estimated leverage ratio of the Bitcoin market potentially indicates that the current local market condition can be regarded as favorable for further bullish impulse. An unpleasant moment here is the formed regular bearish divergence, which indicates the possibility of another short-term pullback. Still, because the level of leverage has some underestimation, this may delay a downward correction. P. S. Please note that this indicates the state of the market; that is, it should not be taken literally as a buy signal.