Binance Leverage Drop Signals Bitcoin Stabilization

Binance’s Short-Term Estimated Leverage Ratio (ST_ELR) dipped to 0.2247 on November 8th, indicating a cooldown after heavy liquidations in the Bitcoin market. This move signals a shift toward greater stability and a potential rebound for Bitcoin prices. The ST_ELR now sits near its lower volatility band of 0.2069, suggesting less risk and more equilibrium. Analysts believe this decline coincides with recent price corrections, where traders unwound leveraged positions to avoid further losses.