Bitcoin Shows Signs of Recovery Amid Reduced Leverage and Exchange Outflows
- Bitcoin’s price increased by 1.3%, reaching above $97,000.
- A decline in leverage and open interest ratios was noted since November 21.
- The leverage ratio decrease suggests a shift to long-term holding strategies.
- Largest net outflow of Bitcoin from exchanges since 2022 occurred last week, reducing supply by 3%.
Bitcoin’s price has shown a recovery with a 1.3% increase, as analysts report reduced leverage and significant exchange outflows, indicating a potential shift toward long-term holding strategies among investors.
Source (2.6)https://www.newsbtc.com/bitcoin-news/bitcoin-shows-signs-of-recovery-as-leverage-decreases-and-outflows-rise/?rand=52377
