**[Bitcoin Leverage Ratio on Binance Has Dropped Significantly Since February, Spot Market Likely to Take Over Price Leadership]** BlockBeats News, March 10: According to monitoring by analyst Darkfost, the estimated Bitcoin leverage ratio on Binance has sharply declined from 0.198 to 0.152 since February, with a rapid and significant drop. This trend typically occurs after periods of intense volatility and major price movements. During this time, Bitcoin's price fell from approximately $96,000 to $69,000. Such fluctuations often create panic among investors, prompting some to voluntarily close leveraged positions, while others are forced out due to liquidations. This has led to a significant reduction in open interest, reflecting an overall deleveraging process in the derivatives market. The analyst stated that if the estimated leverage ratio for Bitcoin does not recover during the consolidation phase, it may indicate that the spot market is taking over as the dominant force in price movements, thereby helping to stabilize the market. In many cases, these deleveraging phases allow the market to reset on a healthier foundation. Lower leverage typically means reduced systemic stress, which helps price action stabilize before entering a new directional trend. *Note: The Bitcoin Estimated Leverage Ratio is used to measure the intensity of leverage employed by investors. It is calculated by comparing the open interest in futures contracts to the BTC reserves held by the exchange.*