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Perspective: BTC bullish leverage remains far below the overheated levels seen at previous tops, with speculative sentiment staying moderate.

48 minutes ago

Glassnode stated in a post that as Bitcoin (BTC) breaks through the $86,000 mark, long leverage in the options market is gradually rebounding. The put/call ratio of open interest is rising, though it remains far below the overheated levels observed near BTC’s previous peak. Speculative sentiment in the perpetual contract market also stays moderate, with funding rates still below the neutral threshold.

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