Glassnode: Bitcoin reaches $86,000, options bulls slowly rebuild leverage

On-chain data analysis platform Glassnode stated: As Bitcoin reaches $86,000, the bullish leverage in the options market is slowly rebuilding, and the open interest put/call ratio is rising.

However, this is still far below the overheated levels seen near Bitcoin's peak. Speculation in perpetual contracts also remains sluggish, with the funding rate below neutral levels.