According to Wu, based on Glassnode data, as the price of BTC rises above $90,000, the open interest of Bitcoin perpetual futures has increased from approximately 304,000 BTC to 310,000 BTC, a rise of about 2%; at the same time, the funding rate has increased from 0.04% to 0.09%. This indicates that leveraged long positions are being re-accumulated, and perpetual futures traders have become more optimistic about the year-end market.