On Saturday, the Bitcoin derivatives markets are exhibiting a mix of signals as open interest approaches $30 billion. Traders in options and futures are maintaining positions across all major exchanges.
Key Insights:
Binance is at the forefront of all exchanges with an impressive $BTC futures open interest totaling 134,620 $BTC. Meanwhile, CME has recorded the most significant gain over a 24-hour period at +6.16% on May 2.
The Deribit exchange holds the largest single options contract with its $80,000 call for May 29, which boasts an open interest of 7,493.7 $BTC.
Currently priced at $78,418, Bitcoin hovers near Deribit’s max pain level of $78,000 ahead of the expiry on May 3rd—placing traders under scrutiny.
The Rise in Bitcoin Futures Open Interest Led by Binance and CME
According to statistics from coinglass.com as of May 2nd, total $BTC options open interest stands around $30 billion while Bitcoin trades at $78,418. This marks a recovery from earlier lows seen in January and February when open interest dipped below $25 billion alongside a price decline that saw Bitcoin fall beneath $70K.
A similar trend is observed in futures open interest (OI). Data indicates that Binance leads with an OI amounting to 134,620 $BTC, valued at approximately $10.55 billion; followed closely by CME’s OI standing at 117320 $BTC, worth about $9.20 billion. Gate ranks third with an OI of around 68,860 $ BTC , translating to roughly$5 .40billion .MEXC records78000$ BTC worth about$6 .15 b illion ,while Bybit has59 ,890$ BTC valuedatapproximately$4 .70 b illion.
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The DominanceofDeribit’s$80KBitcoinCallAheadOfMay3Settlement
Onoptionsside,callsareleadingputsinope ninterest.Totalcallopeninterestis241222 .
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ThemostactivelyheldoptionsbetonDeribitisacallcontractgivingbuyerstherighttopurchasebitcoinat$80000beforeMay29with7493 .
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