According to Glassnode data analysis, open interest in perpetual contracts has experienced the largest single-day percentage increase since July 2025. As Bitcoin's price tests $69.4k, leverage has significantly expanded. This phenomenon aligns with speculators heavily betting on Bitcoin surpassing $70k but ultimately failing to realize that expectation.
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According to Glassnode data analysis, open interest in perpetual contracts has experienced the largest single-day percentage increase since July 2025. As Bitcoin's price tests $69.4k, leverage has significantly expanded. This phenomenon aligns with speculators heavily betting on Bitcoin surpassing $70k but ultimately failing to realize that expectation.