According to reports, Bitcoin perpetual open interest has increased, reaching 310,000 BTC. This increase coincides with funding rates doubling, suggesting a bullish sentiment among traders as the year comes to a close. Open interest refers to the total number of outstanding derivative contracts, and its rise indicates that more capital is flowing into the Bitcoin market as traders open new positions, anticipating a potential price increase. The increase in funding rates further supports this bullish outlook, as it reflects the cost of holding long positions.

According to reports, Bitcoin perpetual open interest has increased, reaching 310,000 BTC. This increase coincides with funding rates doubling, suggesting a bullish sentiment among traders as the year comes to a close. Open interest refers to the total number of outstanding derivative contracts, and its rise indicates that more capital is flowing into the Bitcoin market as traders open new positions, anticipating a potential price increase. The increase in funding rates further supports this bullish outlook, as it reflects the cost of holding long positions.