According to news from Coin World, Glassnode data shows that despite BTC falling by 3.2% and ETH falling by 6%, the current market liquidation volume remains low, with BTC at 110 million USD and ETH at 132 million USD, and the open interest (OI) has retreated moderately. Glassnode points out that this round of decline is more likely to be driven by spot selling pressure rather than leveraged liquidations caused by derivation, and currently, there are no signs of leveraged cascading.

BTC0.32%
ETH0.68%
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