On-chain metrics signal upcoming BTC volatility
The open futures interest and the futures estimated leverage ratio metrics had reached their highest levels for over a month, which indicates an upcoming Bitcoin (BTC) volatility, according to Glassnode data analyzed by CryptoSlate.
The chart above shows the BTC futures open interest on a daily basis since Oct. 17. As of Dec. 30, the metric exceeded over 500,000 BTC, marking its highest level for over a month. The Futures Estimated Leverage Ratio is a metric that represents the ratio between the open interest in futures contracts and the balance of the corresponding exchange.
Source
https://t.me/InvestmentTradingUpdates
