المنشور

$BTC is back around $86K, and long exposure is gradually rebuilding across the options market. 📊 Put/Call Open Interest ratios are ticking higher, showing increased positioning. Still, leverage remains well below the overheated levels seen around the previous $BTC top. Meanwhile, perp markets look relatively calm, with funding rates still below neutral. Leverage is rising — but speculation hasn’t gone extreme yet. 👀