#衍生品市场合约 Bitcoin returns to $90,000, and the story of perpetual contracts is starting to get interesting! 📊

Seeing open interest increase from 304,000 BTC to 310,000 BTC, and funding rates rise from 0.004% to 0.009%, what signals are being conveyed behind these changes? Simply put, the bulls are quietly positioning themselves, preparing for potential market fluctuations at the end of the year.

The derivatives market is like a "magnifying glass" in the crypto world—it amplifies and reveals the true intentions of market participants. When we see leveraged long positions accumulating again, it indicates that smart money is actively expressing confidence in the future market. This is not just a game of price ups and downs; it’s a concentrated reflection of market participants’ expectations for the future.

Decentralized derivatives trading is attractive because it provides everyone with equal tools to express their market views—without relying on centralized exchanges for approval, and without worries of unilateral restrictions. This is the core value of Web3 empowerment.

Year-end markets are often full of uncertainties, but for participants who understand market pulse and long-term trends, these on-chain data are the most authentic "thermometers." Stay alert, but more importantly, maintain confidence in the future!