Are Bitcoin Derivatives Behind The Latest Rally? Glassnode Answers

Since the latest Bitcoin rally started, there has been speculation going on as to whether derivatives fuel the surge. Here’s what Glassnode says.
Bitcoin Funding Rates Have Remained Cool Recently
In its latest weekly report, the on-chain analytics firm Glassnode has talked about what the derivatives side of the market has looked like while the latest rally in the asset has occurred.
First, the report has looked into the open interest of the perpetual swap markets, where “open interes