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glassnode: The current market fall has a relatively low liquidation scale, proving that it is mainly driven by the Spot market.
According to BlockBeats news on August 1, data from the analysis platform glassnode shows that despite Bitcoin falling by 3.2% and Ethereum by 6%, the market liquidation scale remains at a low level, with only 110 million USD and 132 million USD. The open interest has slightly retreated, indicating that this round of adjustment is mainly driven by the Spot market rather than the derivation market.