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.