Glassnode: Open interest of leading altcoin contracts reaches all-time high, increased leverage leads to heightened market vulnerability

BlockBeats news, on August 13, according to glassnode data, the current open interest of leading altcoin contracts has reached $47 billion, setting a new all-time high.

Glassnode analysis points out that this situation highlights the increased market leverage, making it more susceptible to significant price fluctuations. The rise in leverage amplifies both upward and downward trends, creating a more fragile market environment.