Bitcoin price rises to $90000, perpetual contract open interest and funding rates increase

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After the price of Bitcoin rebounded to $90000, the open interest of perpetual contracts increased from 304000 BTC to 310000 BTC, an increase of about 2%, and the funding rate increased from 0.04% to 0.09%. Perpetual traders are increasing their leveraged long positions to prepare for potential year-end market trends. (glassnode)

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