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Glassnode: The funding rate in the crypto market has fallen to its lowest level since the Bear Market of 2022.
According to BlockBeats, on October 13, Glassnode posted on social media that "the funding rate for the entire crypto assets market has fallen to its lowest level since the 2022 Bear Market. This marks one of the most severe leverage resets in the history of the crypto market, indicating that speculative excess has been systematically cleared out."