🟡In August, the leverage ratio on exchanges fell from July’s peaks above 0.27 to 0.25, signaling the closing of risky positions. At the same time, Bitcoin’s price is holding near $119,000, suggesting that growth is supported by real liquidity rather than excessive speculation.
🟡Experts note that if BTC consolidates above $120,000 while maintaining moderate leverage, the market could gain the foundation for a new growth cycle. The decline in borrowed funds makes the uptrend more sustainable and reduces the risk of sharp corrections.