According to Odaily Odaily, Glassnode published an article on the X platform stating 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 being re-accumulated, and perpetual contract traders are positioning themselves for potential year-end market volatility.
Glassnode: Bitcoin price returns above $90,000; bulls begin to accumulate again.
This article is machine translated
Show original
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content
