Bitfinex Alpha: Ethereum's Deflation Intensifies, Leading to Rap

, according to the latest report from Bitfinex Alpha, in recent weeks, the cryptocurrency market has experienced a decline in Bitcoin options volatility indicators and leverage, which may lead to lower price volatility in the future. The reduction in estimated leverage ratio (ELR) also means that the spot market is becoming less sensitive to the derivatives market.
Bitcoin’s growing dominance as a safe-haven asset has outperformed gold, commodities and the S&P 500. Bitcoin has also consistently outperformed other crypto assets. Trends in BTC and Ethereum open interest indicate increased investor confidence and speculation in the price of BTC compared to traditional assets and crypto alternatives.
Ethereum’s deflationary rate is also on the rise, causing a rapid drop in supply that could drive up its price in the long run.
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