Opinion: Bitcoin Rebounds to $86,000 as Options Market Leverage Gradually Rebuilds but Remains Far From Overheated
Source:
x.com
According to Glassnode, as Bitcoin reaches $86,000, long leverage in the options market is slowly rebuilding, and the open interest put/call ratio is rising. However, this metric remains well below the overheated levels observed at previous Bitcoin peaks. Additionally, speculative sentiment in the perpetual contracts market is also relatively muted, with funding rates staying below neutral.