Bitcoin derivatives open interest hits $100B, calls at 60.74%
- —Futures OI is $56.3 billion, options OI is $42 billion with BTC at $81,273
- —Calls are 60.74% of options OI (311,306 BTC), puts are 39.26%
- —Futures leader Binance: $11.77 billion, 20.89% market share; CME: $8.74 billion
- —Max pain on September 25: $72K on Deribit, $76K on Binance, $75K on OKX
Why it matters: The concentration of calls and max pain below spot create a risk of sharp moves as the September 25 expiry approaches.
Source: Bitcoin.com