Ethereum leverage ratio peaks at 0.48 amid price surge, declines with downturn

On-chain Highlights DEFINITION: The Estimated Leverage Ratio is defined as the ratio of the open interest in futures contracts and the balance of the corresponding exchange. Ethereum’s Futures Estimated Leverage Ratio has shown notable fluctuations over recent months. Beginning the year around 0.26, the leverage ratio experienced a steady climb, peaking at approximately 0.34 in […] source: https://cryptoslate.com/insights/ethereum-leverage-ratio-peaks-at-0-48-amid-price-surge-declines-with-downturn/