📊👀 #BTC Glassnode: With the price above $90,000, the open interest of perpetual contracts rose from 304,000 to 310,000 BTC (an increase of approximately 2%), while the funding rate increased from 0.04% to 0.09%.
This combination signals a new increase in leveraged long positions as perpetual contract traders position themselves for a possible year-end move.
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📊👀 #BTC Glassnode: With the price above $90,000, the open interest of perpetual contracts rose from 304,000 to 310,000 BTC (an increase of approximately 2%), while the funding rate increased from 0.04% to 0.09%.
This combination signals a new increase in leveraged long positions as perpetual contract traders position themselves for a possible year-end move.