Glassnode: BTC Open Interest Drops to Lowest Since March, Rally Less Dependent on Leverage

Odaily: Glassnode posted on X platform that Bitcoin (BTC) is rising with lower leverage levels. Since the August low, the BTC price has risen 35%, while BTC-denominated open interest (OI) has declined by nearly 20% over the same period, currently at its lowest level since March. Glassnode believes this suggests the current rally may be less susceptible to leverage-driven liquidations.