Bitcoin price has surpassed $90,000.
This surge is accompanied by a notable increase in derivatives activity.
Bitcoin perpetual futures open interest rose by 2% from 304K BTC to 310K BTC.
This indicates increased capital flowing into Bitcoin derivatives.
Funding rates saw a significant jump from 0.04% to 0.09%.
This suggests a growing number of leveraged long positions being opened by traders.
These metrics collectively point towards increasing bullish sentiment.
Traders appear optimistic about Bitcoin's price trajectory as the year closes. 📈
