Leverage traders 'flushed out' by late-February crypto crash: Glassnode
Crypto analytics provider Glassnode argues the late February BTC crash may have been a healthy reset that flushed excessive leverage out of the market. According to on-chain analytics provider, Glassnode, the late-February crypto market correction may have purged excessive leverage from the markets.On March 1, Glassnode published a report analyzing the recent crypto crash — which was only the second significant crypto correction since the markets pushed into new record highs in late 2020.Glassnode noted the crash peaked with a 25% fall from the local top of $58,300 to $43,343. As such, the....
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Data shows the Bitcoin crash from a few days ago flushed out $5.4 billion from futures open interest within the matter of hours. Cascade Of Long Liquidations Lead To 24.5% Reduction In Futures Open Interest As per the latest weekly report from Glassnode, when the price of Bitcoin crashed down to $42k a few days […]
Quick Facts: ➡️ Bitcoin’s brief crash to $93K erased 2025 gains, flushed out leverage and drove sentiment into extreme fear, opening space for rotation plays. ➡️ At the moment, traders’ attention is on promising projects, particularly those that offer utility, and not just mere virality. ➡️ Layer 2 infrastructure like Bitcoin Hyper targets Bitcoin’s core […]
Data shows following the crash, Bitcoin funding rates flipped to negative for the first time since September as market sentiment resets. Bitcoin Funding Rates Turn Negative For The First Time Since Late September As per the latest weekly report from Glassnode, market sentiment reset after the latest crash in BTC’s price as funding rates turned negative. The “perpetual funding rate” is an indicator that measures the periodic fee that Bitcoin futures traders have to pay each other to keep their positions. This metric helps us know about which direction leveraged positions....
Glassnode co-founders Jan Happel and Yann Allemann, who publish under the @Negentropic handle on X, argue that the current crypto crash is being driven not by a broad narrative turn, but by a single, systematic source of sell pressure whose footprint is most visible in Bitcoin and is spilling into the wider complex. Their core assertion is categorical: “What’s happening in Bitcoin right now isn’t a narrative shift: it’s a mechanical unwind.” In that framing, the tape is reflecting the forced exit of one participant rather than an organic repricing of crypto risk. Why Is The Crypto Market....
Data from Glassnode has revealed how the large Bitcoin traders showed expert timing in the derivatives market during the market reversal. Bitcoin Large Traders Have Shifted To A Net Short Bias In a new post on X, on-chain analytics firm Glassnode has talked about how the large Bitcoin traders behaved during the latest pullback in […]