Bitcoin markets are acting like no ETF approval is even on the cards, let alone a reality, fresh analysis concludes.
Bitcoin (BTC) is about to hit all-time lows in terms of leverage, which one analyst says is “quite remarkable.”
Despite being up nearly 200% year-to-date, BTC price strength is garnering little interest into the 2023 candle close, per data from on-chain analytics firm Glassnode.
Bitcoin’s leverage ratio, as well as cash-margined and crypto-margined open interest, are firmly “muted” at current prices, with the former even on the cusp of hitting all-time lows.
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Source: https://cointelegraph.com/news/bitcoin-etf-3-weeks-btc-traders-arent-happening