Perpetuals open interest has pushed to new highs based on Glassnode data, showing leveraged traders are loading up ahead of a potential year-end move. When open interest climbs like this, it usually means conviction is building, and more capital is rotating into trades expecting sharp price action in the short term.
Rising perpetuals OI signals aggressive positioning into year-end
Traders are lighting up the derivatives pits right now, with Glassnode showing that Bitcoin perpetual open interest has climbed from about 304,000 to 310,000 BTC as the price flirted with the $90,000 zone recently.
This rise in open interest, along with higher funding rates, moving from roughly 0.04% to 0.09%, tells you that leveraged traders are piling into long positions ahead of the year-end. That means more money is flowing into directional bets with traders clearly bracing for a sharp move before the year wraps up.
When futures metrics like these start heating up, it usually means professional traders are putting real capital behind their views instead of just reacting to price action. Rising funding rates, where longs are even paying premiums to hold positions, add another layer of bullish conviction in the market as we close out December.
Remittix (RTX)
Remittix (RTX) is building out a next‑gen PayFi network designed to make crypto‑to‑fiat and wallet‑to‑bank transfers super smooth in over 30 countries, handling real‑time FX conversion and low fees for cross‑border payments.
The project’s beta Web3 wallet, now live in testing, lets users send and receive crypto and convert it into local fiat across multiple blockchains, aiming to bridge traditional finance and decentralized payments in real-world use.
Analysts and trackers see listings on BitMart, LBank and other exchanges on the horizon and utility‑driven adoption pulling real demand.
Hitting a $0.30+ launch price would mean roughly a 2.5x+ move from current presale levels if demand stays strong. Utility, real wallet features, and the cross‑border payments narrative are keeping this one on many traders’ radars.
MovitOn
MovitOn is building a blockchain‑powered peer‑to‑peer delivery network that connects people who need packages, documents, or valuables shipped with travelers already heading in the right direction. This “Uber for Delivery” concept aims to cut costs and time drastically compared with traditional couriers while securing payments and tracking with smart contracts and blockchain tech.
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