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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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The 30-day change in the calculated leverage ratio for (ELR) Bitcoin futures in August 2025 reached record levels for the past five years, exceeding the threshold of +0.4, which previously coincided with peak periods of increased leverage and heightened market vulnerability.
In essence, this indicates a rapid and large influx of credit positions on futures, while the price remains near historical highs, creating conditions for increased volatility and the risk of sharp liquidations #BTC# .