Glassnode

New metric announcement!
We're proud to announce Leverage Position Openings and Closures - a new suite of metrics for professional traders.

Funding rates and liquidation data have long been used to gauge leverage in crypto markets - but they often miss the full picture. They're reactive, exchange-dependent, and limited in scope.

Glassnode's new Leverage Position Openings and Closures (LPOC) metric fills this gap.

By analyzing the alignment between price and open interest, LPOC identifies when leveraged long or short positions are being opened or closed - capturing both voluntary and forced position changes in real time.

This gives traders, risk teams, and market analysts a more immediate and comprehensive view into positioning dynamics. It helps:

- Detect market tops from aggressive long buildup
- Identify bottoms via long squeeze zones
- Track short squeezes through reversals in short positioning
- Monitor systemic risk across assets with cross-market signals

And more!

Learn how to use these metrics.

In February 2025, $1.4B in ETH was stolen from Bybit in one of the largest exchange breaches to date. But unlike prior similar incidents, the event did not trigger systemic fallout.

Our new report with Bybit examines how the market absorbed this shock - using proprietary metrics to assess exchange risk, liquidity conditions, and derivatives positioning across BTC, ETH, and SOL.

Key insights:
• ETH reserves recovered from 236k to 729k
• Open interest fully rebounded and surpassed pre-incident levels
• Liquidity metrics normalized within weeks
• Whale and internal flow diagnostics showed rapid stabilization

Whether you’re a strategist, risk manager, or institutional allocator, this report offers a forensic look at real-time capital movements, investor behavior, and exchange resilience during one of the most critical inflection points of 2025.

Download it here: https://glassno.de/44HRHR0