{"id":48618,"date":"2025-09-20T17:32:43","date_gmt":"2025-09-20T17:32:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=48618"},"modified":"2025-09-20T17:32:43","modified_gmt":"2025-09-20T17:32:43","slug":"fed-cut-wipes-out-leverage-as-bitcoin-supply-ratio-drops","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=48618","title":{"rendered":"Fed Cut Wipes Out Leverage as Bitcoin Supply Ratio Drops"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>Bitcoin\u2019s exchange supply ratio fell to 0.029, showing fewer coins available for trading on Binance.<\/li>\n<li>Perpetual open interest dropped from 395K BTC to 378K BTC after the Fed\u2019s rate decision.<\/li>\n<li>Analysts track $116.7K and $113K as key levels as Bitcoin consolidates near yearly highs.<\/li>\n<\/ul>\n<h2>Exchange Supply Ratio Declines on Binance<\/h2>\n<p>Bitcoin\u2019s Exchange Supply Ratio (ESR) on Binance has dropped to a recent low, standing near 0.029. This metric tracks the proportion of Bitcoin supply held on exchanges. The decline comes as BTC\u2019s price climbed toward $117,000 before it was stopped and driven south slightly.<\/p>\n<figure id=\"attachment_413226\" aria-describedby=\"caption-attachment-413226\" style=\"width: 4000px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Bitcoin-Exchange-Supply-Ratio-Binance.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-413226\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Bitcoin-Exchange-Supply-Ratio-Binance.png\" alt=\"Bitcoin Exchange Supply Ratio - Binance\" width=\"4000\" height=\"2250\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Bitcoin-Exchange-Supply-Ratio-Binance.png 4000w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Bitcoin-Exchange-Supply-Ratio-Binance-300x169.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Bitcoin-Exchange-Supply-Ratio-Binance-1024x576.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Bitcoin-Exchange-Supply-Ratio-Binance-768x432.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Bitcoin-Exchange-Supply-Ratio-Binance-1536x864.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Bitcoin-Exchange-Supply-Ratio-Binance-2048x1152.png 2048w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Bitcoin-Exchange-Supply-Ratio-Binance-50x28.png 50w\" sizes=\"auto, (max-width: 4000px) 100vw, 4000px\"><\/a><figcaption id=\"caption-attachment-413226\" class=\"wp-caption-text\">Source: CryptoQuant<\/figcaption><\/figure>\n<p>Notably, the move suggests fewer coins are currently held on Binance for immediate trading. The timing is concurrent with the Federal Reserve\u2019s <a href=\"https:\/\/cryptopotato.com\/what-to-expect-from-the-fed-this-year-after-first-rate-cut-in-2025\/\" data-wpel-link=\"internal\">rate cut<\/a> that stirred global volatility across financial markets. A drop in ESR might broaden into holders who see this period of heightened market sensitivity as an opportunity to lower their exchange exposure.<\/p>\n<h2>Futures Open Interest Sees Sharp Reduction<\/h2>\n<p>Market observer FOUR | Crypto Spaces reported that Bitcoin\u2019s perpetual futures open interest (OI) saw a sudden decline following the Fed\u2019s decision.<\/p>\n<blockquote>\n<p>\u201cA cycle high in $Bitcoin Perpetual Open Interest (OI) just got \u2018flushed,\u2019\u201d they wrote.<\/p>\n<\/blockquote>\n<p>Glassnode data shows OI fell from about 395,000 BTC to 378,000 BTC as volatility cleared leveraged positions. Despite 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.<\/p>\n<figure id=\"attachment_413225\" aria-describedby=\"caption-attachment-413225\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/G1NFaYhWQAAS3Fh.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-413225\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/G1NFaYhWQAAS3Fh.jpeg\" alt=\"Bitcoin Futures Open Interest Perpetual\" width=\"1200\" height=\"675\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/G1NFaYhWQAAS3Fh.jpeg 1200w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/G1NFaYhWQAAS3Fh-300x169.jpeg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/G1NFaYhWQAAS3Fh-1024x576.jpeg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/G1NFaYhWQAAS3Fh-768x432.jpeg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/G1NFaYhWQAAS3Fh-50x28.jpeg 50w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"><\/a><figcaption id=\"caption-attachment-413225\" class=\"wp-caption-text\">Source: FOUR | Crypto Spaces\/X<\/figcaption><\/figure>\n<h2>Analysts Track Key Market Levels<\/h2>\n<p>Analyst Crypto Bully noted that Bitcoin is testing important areas following the post-FOMC push. They pointed to $116,700 as a key zone where price acceptance could support further strength.<\/p>\n<p>They also described $113,000 as an essential level to monitor because of its alignment with <a href=\"https:\/\/cryptopotato.com\/boom-then-bust-btc-eyes-175k-before-catastrophic-80-drop\/\" data-wpel-link=\"internal\">historical<\/a> value areas and technical indicators. <em>\u201cThree different plans, three different triggers to execute them. All planned beforehand and now we wait,\u201d<\/em> they wrote, emphasizing prepared scenarios for market participants as Bitcoin consolidates above $115,000.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$BTC<\/a> Finally pulling back post-FOMC push up<\/p>\n<p>\u2013 Deviation of key $116.7k level, acceptance above that high volume area = Push above $120k (so importance to keep this area in mind for momentum trades)<\/p>\n<p>What now?<\/p>\n<p>\u2013 Buy dip now at 100EMA\/VWAP higher band\/HVN at 115.5 (trigger would\u2026 <a href=\"https:\/\/t.co\/ydoiJZj9xx\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/ydoiJZj9xx<\/a><\/p>\n<p>\u2014 Crypto Bully (@BullyDCrypto) <a href=\"https:\/\/twitter.com\/BullyDCrypto\/status\/1968937926328455234?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">September 19, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Remarkably, recent events underline Bitcoin\u2019s strong response to the macroeconomic news. The time-worn OI flush accompanied the rate cut by the Fed, while the exchange supply ratio experienced a simultaneous fall. These two movements, acting in concert, indicate that fewer coins are available on exchanges and less leverage is being employed at the futures markets.<\/p>\n<p>Bitcoin is trading near its yearly highs, with traders watching key levels closely. The focus is on whether momentum holds above $116,700\u2013$117,500 or if the market slips back toward lower support.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/fed-cut-wipes-out-leverage-as-bitcoin-supply-ratio-drops\/\">Fed Cut Wipes Out Leverage as Bitcoin Supply Ratio Drops<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Bitcoin\u2019s exchange supply ratio fell to 0.029, showing fewer coins available for trading on Binance. Perpetual open interest dropped from 395K BTC to 378K BTC after the Fed\u2019s rate decision. Analysts track $116.7K and $113K as key levels as Bitcoin consolidates near yearly highs. Exchange Supply Ratio Declines on Binance Bitcoin\u2019s Exchange Supply Ratio [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-48618","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/48618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48618"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/48618\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}