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

BlockBeats News, October 14th, Glassnode posted on social media, stating, "During the recent crypto market sell-off, over 90% of the Bitcoin supply remained in a profitable state, with most losses coming from top buyers. This is in contrast to the FTX and Luna crashes, where less than 65% of the supply was in profit, but this sell-off was not a large-scale 'surrender,' but rather a structurally different, leverage-driven event."