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Leverage traders ‘flushed out’ by late-February crypto crash: Glassnode

March 2, 2021 by DIGIT
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Crypto analytics provider Glassnode argues the late February BTC crash may have been a healthy reset that flushed excessive leverage out of the market.

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Categories Correction, futures, grayscale, leverage, Open Interest
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  • bitcoinBitcoin(BTC)$88,894.00-4.21%
  • ethereumEthereum(ETH)$3,043.73-4.80%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.05-4.65%
  • binancecoinBNB(BNB)$880.37-3.13%
  • usd-coinUSDC(USDC)$1.000.02%
  • solanaSolana(SOL)$133.18-6.89%
  • tronTRON(TRX)$0.2850360.56%
  • staked-etherLido Staked Ether(STETH)$3,051.90-4.75%
  • dogecoinDogecoin(DOGE)$0.140342-6.25%
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  • bitcoinBitcoin(BTC)$88,894.00-4.21%
  • ethereumEthereum(ETH)$3,043.73-4.80%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.05-4.65%
  • binancecoinBNB(BNB)$880.37-3.13%
  • usd-coinUSDC(USDC)$1.000.02%
  • solanaSolana(SOL)$133.18-6.89%
  • tronTRON(TRX)$0.2850360.56%
  • staked-etherLido Staked Ether(STETH)$3,051.90-4.75%
  • dogecoinDogecoin(DOGE)$0.140342-6.25%