tldr; Bitcoin’s exchange supply ratio on Binance has dropped to 0.029, indicating fewer coins available for trading. This coincides with the Federal Reserve’s rate cut, which caused volatility and reduced perpetual futures open interest from 395K BTC to 378K BTC. Bitcoin’s price remains near yearly highs, consolidating around $116.7K-$118K. Analysts highlight $116.7K and $113K as key levels to watch. The decline in leverage and exchange supply suggests a shift in market dynamics amid macroeconomic changes.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Bitcoin’s exchange supply ratio on Binance has dropped to 0.029, indicating fewer coins available for trading. This coincides with the Federal Reserve’s rate cut, which caused volatility and reduced perpetual futures open interest from 395K BTC to 378K BTC. Bitcoin’s price remains near yearly highs, consolidating around $116.7K-$118K. Analysts highlight $116.7K and $113K as key levels to watch. The decline in leverage and exchange supply suggests a shift in market dynamics amid macroeconomic changes.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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