Bitcoin Estimated Leverage Ratio Spikes To New High — Fresh Volatility Ahead?

After surging toward the $100,000 mark a few days into the new year, the price of Bitcoin looks set to end January in stark contrast to how it started the month. On Thursday, January 29, the flagship cryptocurrency fell to a multi-month low of around $81,500, with the general market sentiment worsening over the past few weeks. Going into the weekend, the price of Bitcoin has somewhat cooled off, recovering above the $93,000 level on Friday, January 30. Interestingly, the latest on-chain data suggests that the market leader is only on the verge of another violent price movement source: https://www.newsbtc.com/news/bitcoin/bitcoin-estimated-leverage-ratio-spikes-to-new-high/