Opinion: BTC bullish leverage remains far below the overheated levels seen at the top, with speculative sentiment being moderate.

BlockBeats news, September 21 - glassnode stated in a post that as BTC breaks through $86,000, long leverage in the options market is gradually recovering. The put/call open interest ratio is rising, but it remains well below the overheated levels seen near BTC's peak. Speculative sentiment in the perpetual contract market also remains relatively moderate, with funding rates still below neutral levels.