Why rising perpetual funding rates signal growing bullish leverage as bitcoin crosses $86,500

The article analyzes key market indicators—rising perpetual funding rates and increasing open interest—to explain the growing bullish sentiment surrounding Bitcoin. These metrics collectively signal a renewed and strengthening demand for long Bitcoin exposure, particularly as the cryptocurrency's price has ascended past the $86,500 threshold. The correlation suggests a surge in leveraged positions, indicating that traders are increasingly betting on further price appreciation for Bitcoin.