Bitcoin traders are taking bigger risks again and here’s why

Bitcoin traded above $86,000 on Monday, marking an eight-month peak as multiple factors supported the advance. The move was attributed to a combination of short covering, inflows into exchange-traded funds, and improved market sentiment heading into the Sept. 24 U.S.-China summit.
According to blockchain analytics firm Glassnode, the rally displayed some characteristics of renewed bullish positioning but lacked the extreme leverage indicators typically seen at market peaks. In the options marke