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Glassnode: Bitcoin Market Leverage was effectively flushed out as of 10/11, significantly reducing the risk of cascading liquidations.
By: theblockbeats.news|2025/10/21 09:45:55
BlockBeats News, October 21st, Glassnode posted on social media that after the October 11th crash, the open interest of Bitcoin futures contracts dropped by about 30%, indicating that excessive market leverage has been effectively flushed out. With the funding rate returning to a neutral level, the risk of cascading liquidations in the market has been significantly reduced.
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