📉 #Market_Analysis – Decline Without Panic
Despite a drop of btc -3.2% and #ETH at -6%, Glassnode data shows that:
✅ Executed liquidity is relatively low
• BTC: about $110 million
• ETH: about $132 million
✅ No collapse due to leverage
• Open Interest indicators show only moderate withdrawals.
• No signs of "mass liquidation cascades" (Leverage Cascade).
🧠 The interpretation?
This drop seems to be immediate selling from actual wallets (Spot Selling) and not a result of liquidating leveraged contracts.
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💡 Conclusion:
The market is still under the control of actual players and not leveraged speculators, indicating a relative calm in the market depth so far.
