BULLISH: Bitcoin derivatives are flashing strong conviction.

BTC perpetual open interest expanded from 304K to 310K BTC, alongside a sharp rise in funding rates from 0.04% to 0.09% (Glassnode).

Rising open interest + higher funding suggests new leveraged longs entering the market, not short covering.

Traders are paying up to maintain exposure, signaling growing confidence and directional momentum behind BTC.