Glassnode: The holdings of top altcoin contracts have reached a historic high, and the increase in leverage has led to increased market vulnerability

According to BlockBeats, on August 13th, according to Glassnode data, the current holdings of top altcoin contracts reached a record high of $47 billion. Glassnode analysis points out that this situation highlights the increase in market leverage, making it more susceptible to significant price fluctuations. An increase in leverage ratio will amplify both upward and downward trends, thereby creating a more fragile market environment.