Glassnode: The low liquidation scale of the current market downturn indicates that it is mainly driven by the spot market

According to BlockBeats news, on August 1st, according to analysis platform Glassnode data, although Bitcoin fell 3.2% and Ethereum fell 6%, the market clearing scale remained at a low level, only $110 million and $132 million, respectively. The slight pullback in holdings indicates that this round of adjustment is mainly driven by the spot market, rather than the derivatives market.