Bitcoin Derivatives Market Volume Increases to $135,76 Billion
The Bitcoin derivatives market has surged to $135,76 billion in open interest in futures and options, with the price hovering between $26 and $109,214 on August 112,815, according to ConGecko data.
Total open positions in futures on Bitcoin amounts to $81,54 billion, among which the leaders are CME with a volume of $15,62 billion (141,750 BTC) and Binance with a volume of $14,33 billion (129,990 BTC). bybit ranks third with a volume of $9,68 billion, and OK — from $4,03 billion.
Over the past 24 hours, most sites have shown a decline: Binance lost 5,18%, Gate lost 6,11%, and CME lost 2,24%. Kucoin was an exception, registering growth of 1,29%.
Open interest in options is $54,22 billion, with Deribit accounting for the lion’s share. The ratio of calls to puts favors the bulls, with 59,53% of the open market in calls (269,511 BTC) compared to 40,47% in puts (183,230 BTC). Trading volume was largely unchanged, with 57,78% of 24-hour activity in calls, for a total of 29,749 BTC.
The biggest bets are concentrated in high-strike calls expiring in the fourth quarter. call option with a price of $140,000 on December 26 with a volume of 10,228 BTC in the open market, followed by call option with a price of $140,000 on September 26 (9,787 BTC), and call option with a price of $200,000 on December 26 (8,501 BTC). The most notable bearish position is the $95,000 put option on September 26 with an open interest of 8,152 BTC.
The most active bets on the day were short-term bullish bets. The Aug. 29 $116,000 call option was worth 2951 BTC, followed by call option September 12 at $115,000 at 1719 BTC. Other hot strikes included December 26 calls at $125,000 and $160,000.
With open interest in futures hovering near multi-month highs and options market activity veering toward aggressive calls, it appears traders are buying up the stock in anticipation of further price gains.
