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Glassnode: Current market downturn sees low liquidation scale, indicating primarily driven by spot market
Summary: According to analysis platform Glassnode, despite Bitcoin dropping by 3.2% and Ethereum by 6%, the liquidation scale remains at a low level, at only $110 million and $132 million. A slight decrease in open interest suggests that this adjustment is primarily driven by the spot market, rather than the derivatives market.
According to analysis platform Glassnode, despite Bitcoin dropping by 3.2% and Ethereum by 6%, the liquidation scale remains at a low level, at only $110 million and $132 million. A slight decrease in open interest suggests that this adjustment is primarily driven by the spot market, rather than the derivatives market.
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Link: Glassnode: Current market downturn sees low liquidation scale, indicating primarily driven by spot market [Copy]
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Link: Glassnode: Current market downturn sees low liquidation scale, indicating primarily driven by spot market [Copy]
