Glassnode: Effective Leverage Cleansing in the Bitcoin Market Has Significantly Reduced the Risk of Successive Liquidations
According to ChainCatcher, Glassnode posted on social media that after the crash event, the open interest of bitcoin dropped sharply by about 30%, and excessive leverage in the market has been effectively cleared. As the funding rate returns to neutral levels, the risk of the market experiencing another round of mass liquidations has been significantly reduced.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Chinese decentralized contract exchange Sun Wukong launches trading with 0 fee limited-time promotion
NEAR Foundation: Plans to halve inflation rate to 2.5% and increase rewards for small validators and veNEAR holders
Bubblemaps: Ocean Protocol-linked wallets suspected of dumping over $100 million in community tokens
Starknet launches Bitcoin yield product Starknet Earn and initiates Beta testing
