Bitcoin perpetual contract open interest rose to 310,000 BTC, with traders betting on year-end price action.

According to Mars Finance, Glassnode monitoring shows that Bitcoin perpetual contract open interest has increased from 304,000 BTC to 310,000 BTC. Simultaneously, the funding rate has doubled from 0.04% to 0.09%, indicating that traders are accumulating leveraged long positions in preparation for year-end trading. Furthermore, one of the largest options expiration events in history is approaching, with Bitcoin options contracts with a notional value exceeding $23 billion expiring. Deribit data shows that call options are mainly concentrated at strike prices of $100,000 and $120,000, while put options are concentrated around $85,000. The current put/call ratio is 0.37, with the maximum bearish price at $96,000.