Glassnode reported that as Bitcoin (BTC) touched $86,000, long leverage in the options market is slowly expanding again. Although the open interest put/call ratio is also rising, it is still a significant distance from the overheated levels seen at Bitcoin's peak. Speculative demand in the perpetual futures market also remains at a limited level. With funding rates staying below the neutral line, it is analyzed that there is no situation where leveraged long positions are excessively concentrated.
