$BTC Perpetual Contracts Heat Up Before Year-End


Perpetual open interest for $BTC climbed from 304,000 to 310,000 tokens as the price briefly touched $90,000 on Monday. The increase signals renewed interest in leveraged positions ahead of year-end trading.


Funding rates jumped from 0.04% to 0.09%, indicating derivatives traders are positioning for a potential market move before 2025 closes. Glassnode data shows the combination points to a buildup in leveraged #longpositioning across perpetual contracts.


Bitcoin perpetuals are futures contracts without expiration dates that can be held indefinitely. They track #Bitcoin #spot price through a funding rate mechanism, which represents periodic payments between traders holding long and short positions.


Rising funding rates typically mean the perpetual price is climbing above spot levels. More traders are expressing bullish views as they pay premiums to maintain long positions. However, extremely high rates can signal overleveraged longs and potential correction risk.


Bitcoin failed to sustain progress above $90,000 following Monday's brief spike. The price retreated to $87,200, suggesting that resistance at the psychological level remains firm despite increased perpetual activity.

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December 23, 2025 at 1:05 PM
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