As Bitcoin reclaimed the $90,000 level, Glassnode data show a renewed lift in open interest across perpetual futures, rising from 304,000 BTC to 310,000 BTC — roughly a 2% increase. The move signals renewed demand for long exposure within the derivatives market as traders position for potential year-end price action.

Concurrently, the funding rate advanced from 0.04% to 0.09%, aligning with a higher leverage environment. The combination indicates that leveraged long positions are building again, with perpetual-contract traders preparing for potential volatility as year-end liquidity dynamics unfold.