In just 3 days, the Estimated Leverage Ratio (ELR) dropped to -0.25 — a level that took nearly a month to reach during China’s 2021 crypto ban.
This sharp drop is happening amid rising US–Iran tensions and high market uncertainty.
While some of it is due to liquidations, many traders are voluntarily de-risking to stay safe in this volatile environment.
Stay alert. This could lead to more unexpected moves in the market.
