Bitcoin Derivatives Market Sees Nearly $100 Billion in Open Interest
- Binance leads the Bitcoin futures market with $11.77 billion in open interest.
- Deribit controls over half of Bitcoin options, with calls accounting for 60.74% of open interest.
- Max pain levels for Sept. 25 are below current Bitcoin prices, with Deribit at $72K and Binance at $76K.
- The total open interest in Bitcoin futures and options is close to $100 billion as of Sept.19, indicating significant market positioning.
Bitcoin’s price fluctuated between $75,038 and $81,710 this week, while derivatives markets showed substantial activity with nearly $100 billion in open interest across futures and options combined.
This significant positioning highlights the market’s anticipation of upcoming expirations on Sept.25, where large call exposures exist at various price points like $82K and beyond.(Source)
