Rising global tensions, particularly between #Iran and the #united States, are creating uncertainty in financial markets and making investors more cautious about taking risks. As a result, traders are reducing their use of leverage. #Bitcoin’s Estimated Leverage Ratio on Binance has fallen from 0.198 to 0.152 since February, while the price of Bitcoin dropped from about $96,000 to $69,000 during the same period.

Many leveraged positions were closed or liquidated, leading to a decline in Open Interest. This decrease in leverage can help the market become more stable and form a healthier base before the next major price movement.