Fed Cut Wipes Out Leverage as Bitcoin Supply Ratio Drops

TL;DR Bitcoin’s exchange supply ratio fell to 0.029, showing fewer coins available for trading on ￰0￱ open interest dropped from 395K BTC to 378K BTC after the Fed’s rate ￰1￱ track $116.7K and $113K as key levels as Bitcoin consolidates near yearly ￰2￱ Supply Ratio Declines on Binance Bitcoin’s Exchange Supply Ratio (ESR) on Binance has dropped to a recent low, standing near ￰3￱ metric tracks the proportion of Bitcoin supply held on ￰4￱ decline comes as BTC’s price climbed toward $117,000 before it was stopped and driven south slightly.) saw a sudden decline following the Fed’s decision. “A cycle high in $Bitcoin Perpetual Open Interest (OI) just got ‘flushed,’” they ￰5￱ data shows OI fell from about 395,000 BTC to 378,000 BTC as volatility cleared leveraged ￰6￱ the reduction, the higher price moved from about $113n000 earlier in the month of September to almost $118n000.

The monster of speculative leverage dropped while spot demand continued to hold prices.) What now? – Buy dip now at 100EMA/VWAP higher band/HVN at 115.5 (trigger would… ￰7￱ — Crypto Bully (@BullyDCrypto) September 19, 2025 Remarkably, recent events underline Bitcoin’s strong response to the macroeconomic ￰8￱ time-worn OI flush accompanied the rate cut by the Fed, while the exchange supply ratio experienced a simultaneous ￰9￱ two movements, acting in concert, indicate that fewer coins are available on exchanges and less leverage is being employed at the futures ￰10￱ is trading near its yearly highs, with traders watching key levels ￰11￱ focus is on whether momentum holds above $116,700–$117,500 or if the market slips back toward lower support.