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glassnode: The market may face greater fluctuations in the future.
According to Foresight News, glassnode tweeted that the open interest of ETH futures has reached a historical high of approximately $35.5 billion. The leverage levels across various platforms have been re-accumulated, and with positions further concentrated, the market may face greater fluctuations in the future. On August 12, approximately $66 million worth of ETH short positions were liquidated, marking the second-largest short liquidation event so far this year.