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Glassnode Report: Bitcoin's 3% leverage ratio hits new low, open interest surpasses futures for the first time

Glassnode and Coinbase Institutional jointly release the 2026 Q1 report, revealing a structural market shift after deleveraging: BTC market share approaches 59%, systemic leverage drops to 3% of the total cryptocurrency market cap, and options open interest for the first time surpasses perpetual futures.
BTC1.39%
ETH1.12%
MarketWhisper·01-28 02:03
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