As Bitcoin weaves through the ebbs and flows of an ever-dynamic market, investors' grip on risk tailors their strategies in unexpected ways. CryptoSlate's deep dive into the 2023 Bitcoin futures leverage ratio uncovers a fascinating narrative—as the year started with daring financial confidence, a trend begins to emerge. But what does this changing leverage ratio hint at about the collective mindset of cryptocurrency traders? And more intriguingly, what happened during the latter part of the year that led to the lowest average leverage ratio observed in November? Join Alpha for an insightful analysis of what this could mean for the future of digital currency investments.