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Ether’s international estimated leverage ratio, calculated by dividing the greenback worth locked within the lively open perpetual futures contracts by the full variety of cash held by derivatives exchanges, has declined from a multi-month excessive of 0.28 to 0.22. Bitcoin’s ratio has slid from 0.27 to 0.21, the bottom since Might, in keeping with knowledge tracked by South Korea-based analytics agency CryptoQuant.
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