Leverage Demand, Not Leverage Itself, Down in Bitcoin

Posted on by American Coins & Gold

Leverage Demand, Not Leverage Itself, Down in Bitcoin
Bananarama may have sung about a cruel summer, but November is turning out to be no great shakes for cryptocurrency investors, either. There are just six weeks left in 2021 and the CoinDesk Bitcoin Price Index (XBX) dipped nearly 20% off an all-time high set Nov. 10.Yet there’s something interesting in one thing going in the markets right now: leverage. Or, rather, the recent drop-off in demand for it.You’re reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Sunday.After May’s miserable selloff,…