Calm before the storm?

Volatility is declining in the market as BTC still holds firm within its lengthy consolidation range, seeing losses of 3% in yet another frantic week in global markets.

ETH and BTC have moved in close tandem over the last week, as ETH also see losses of 3% in the last seven days. Under the hood, a concerning trend is apparent in both coins as leverage continues to soar to higher levels. Down the line, this may generate a substantial squeeze in the market, and the situation should be monitored cautiously.

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