Glassnode: This round of pullback is mainly driven by the spot market, rather than the derivatives market
ChainCatcher news, according to analysis platform Glassnode data, shows that despite Bitcoin falling by 3.2% and Ethereum by 6%, the market liquidation scale remains low, at only $110 million and $132 million. The slight pullback in open interest indicates that this round of adjustment is mainly driven by the spot market rather than the derivatives market.
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