Bitcoin Climbs Above $90,000 as Perpetuals Open Interest Rises to 310,000 BTC

Bitcoin rose above $90,000 on Dec. 22 as perpetuals open interest increased from 304,000 BTC to 310,000 BTC (roughly 2%), Glassnode data show. The funding rate climbed from 0.04% to 0.09%. Higher open interest and funding rates may indicate leveraged long positions rebuilding and traders positioning for year-end volatility, Glassnode said.