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.