Glassnode: The recent crypto market sell-off was a leverage-driven event and not a wholesale market "surrender."

BlockBeats News, October 14th, Glassnode posted on social media, saying, “During the recent crypto market sell-off, over 90% of the Bitcoin supply was still in a state of profit, with most losses coming from top buyers. Unlike during the FTX and Luna crashes where less than 65% of the supply was profitable, this sell-off was not a massive ‘surrender’ but rather a structurally different, leverage-driven event.”