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Glassnode: The leverage in the Bitcoin market has effectively been cleared, and the risk of subsequent cascading liquidations has significantly dropped.

ChainCatcher news, Glassnode posted on social media that after the crash event, the open interest of Bitcoin dropped by about 30%, and the excessive leverage in the market has been effectively cleared. As the funding rate returns to neutral levels, the risk of further liquidations in the market has significantly decreased.

BTC-1.13%
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