Glassnode: With price back above $90K, perpetual open interest has risen from 304K to 310K $BTC (~2% increase), while the funding rate has heated up from 0.04% to 0.09%.
This combination signals a renewed buildup in leveraged long positioning, as perpetual traders position for a potential year-end move.
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Glassnode: With price back above $90K, perpetual open interest has risen from 304K to 310K $BTC (~2% increase), while the funding rate has heated up from 0.04% to 0.09%.
This combination signals a renewed buildup in leveraged long positioning, as perpetual traders position for a potential year-end move.