Bitcoin’s derivatives market has kicked into high gear, with futures open interest reaching an unprecedented $91.59 billion, while the spot price hovers around $123,142 as of 9:30 a.m. on Sunday.
In recent days, Bitcoin surged past $125,725 before settling back to $123,142. This did not deter those in the derivatives sector. Data from coinglass.com shows that aggregate futures open interest (OI) hit a new peak at approximately $91.59 billion—an increase of 2.04% in just one day—indicating traders are embracing risk rather than cashing out profits.
The Chicago Mercantile Exchange (CME) leads with an OI of $18.19 billion or about 19.85% of the total and exposure equivalent to 147,800 BTCs. Following CME is Binance with an OI of $16.44 billion (17.94%), Bybit at $10.13 billion (11%), and Gate.io at $9.44 billion (10%). OKX reports an OI of $4.96 billion (5%), while Bitget stands at $6 .09 billion (6%). Completing the top ten are MEXC ($4 .04 billion; 4%), WhiteBIT ($2 .94 billion; 3%), BingX ($1 .78 billion; 1%) , and Kucoin ($1 .24 billion; 1%).
The last day brought notable changes: Kucoin’s OI soared by a staggering 65%, Bitget increased by nearly 6%, and WhiteBIT rose over 4%. Meanwhile, Binance grew by more than three percent, ahead of OKX’s almost three percent gain.
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