[Glassnode: Bitcoin Pullback May Help Reset Market Leverage] On October 7, Glassnode data showed that after Bitcoin broke through its previous high, traders significantly increased their long positions, leading to a surge in futures open interest. The current pullback is testing the stability of long positions, which may help adjust the market leverage ratio. Moving forward, attention should be paid to the timing of buyer intervention and whether key support levels can drive a rebound in demand.