Bitcoin rebounds to $86,000 as options market leverage sees moderate growth

According to Glassnode, Bitcoin's rise to $86,000 has led to a gradual rebuilding of long leverage in the options market, with the put-to-call ratio for open interest trending upward. However, the market remains far from the overheating levels seen during previous peaks. Speculative sentiment in the perpetual futures market remains mild, with funding rates staying below neutral levels.