PANews reported on December 22 that Glassnode stated that as Bitcoin's price rebounded above $90,000, open interest in perpetual contracts increased from 304,000PANews reported on December 22 that Glassnode stated that as Bitcoin's price rebounded above $90,000, open interest in perpetual contracts increased from 304,000
glassnode: With Bitcoin prices returning above $90,000, leveraged long positions are rebuilding.
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PANews reported on December 22 that Glassnode stated that as Bitcoin's price rebounded above $90,000, open interest in perpetual contracts increased from 304,000 Bitcoins to 310,000 Bitcoins (approximately 2%), while funding rates also rose from 0.04% to 0.09%. This combination indicates that leveraged long positions are accumulating again, with perpetual contract traders positioning themselves for potential year-end price action.
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