Ethereum Traders Are Deleveraging. Here's Why It Matters

Binance's $ETH Estimated Leverage Ratio has dropped 37.4% YTD:
▶️ 0.99 → 0.62
▶️ Fewer traders using high leverage
▶️ Lower liquidation risk
▶️ Healthier market structure

Less leverage doesn't mean bearish.
It means the market is becoming more stable, with traders waiting for the next major catalyst.

Sometimes the strongest moves begin after leverage gets flushed out.