According to Daily Planet, CryptoQuant data shows that as the price of BTC surges, both open interest and funding rates are increasing, with open interest reaching the highest level since January 2023. CryptoQuant analysts said that while open interest itself may indicate short-term overheating levels, the funding rate is positive and does not indicate severe overheating, and the ratio between long and short investors is not abnormally skewed, similar to 2023. A steady rebound from October to November. The steady growth of open interest and the status of positive funding rates, similar to the early stages of the bull market that emerged after the impact of the epidemic in 2020, indicate that investor interest in BTC continues to grow, which is a constructive signal from a mid- to long-term perspective.