glassnode: The open interest for top alts contracts has reached an all-time high, and the increase in leverage has led to a rise in market vulnerability.

BlockBeats news, on August 13, according to glassnode data, the current open interest of top alts contracts has reached 47 billion dollars, setting a new historical high. Glassnode analysis points out that this situation highlights the increase in market leverage, making it more susceptible to significant price fluctuations. The rise in leverage amplifies both upward and downward trends, creating a more fragile market environment.