Glassnode: Bitcoin Longs are re-accumulating, positioning for potential end-of-year price volatility

BlockBeats News, December 22nd, Glassnode posted on social media that as Bitcoin's price reclaimed above $90,000, the open interest of perpetual contracts has increased from 304,000 BTC to 310,000 BTC (about a 2% growth), while the funding rate has risen from 0.004% to 0.009%. The combination of these two indicators indicates that leveraged long positions are accumulating once again, and perpetual contract traders are positioning themselves for potential end-of-year market volatility.