Bitcoin Derivatives Stack Swells to $135.76 Billion
Bitcoin’s derivatives market has ballooned to $135.76 billion in open interest across futures and options, as the price holds between $109,214 and $110,356 on Aug. 26.
WRITTEN BY
Jamie Redman
Bitcoin Derivatives Stack Swells to $135.76 Billion
Bitcoin Open Interest Remains Elevated
Bitcoin futures open interest now totals $81.54 billion, led by CME at $15.62 billion (141,750 BTC) and Binance at $14.33 billion (129,990 BTC). Bybit ranks third at $9.68 billion, while OKX follows with $4.03 billion. Over 24 hours, most venues saw declines: Binance slipped 5.18%, Gate fell 6.11%, and CME dropped 2.24%. Kucoin was the outlier, up 1.29%.
Bitcoin Derivatives Stack Swells to $135.76 Billion
Options open interest stands at $54.22 billion, with Deribit accounting for the lion’s share. The call-to-put ratio favors bulls — 59.53% of OI is in calls (269,511 BTC) compared to 40.47% in puts (183,230 BTC). Volume echoed the same theme: 57.78% of 24-hour activity came from calls, totaling 29,749 BTC.
The largest bets are clustered in high-strike calls expiring in Q4. The Dec. 26 $140,000 call leads with 10,228 BTC in OI, followed by the Sep. 26 $140,000 call (9,787 BTC) and the Dec. 26 $200,000 call (8,501 BTC). The most notable bearish position is the Sep. 26 $95,000 put with 8,152 BTC in open interest.
Short-dated upside bets were the most active over the past day. The Aug. 29 $116,000 call posted 2,951 BTC in volume, trailed by the Sep. 12 $115,000 call at 1,719 BTC. Other hot strikes included the Dec. 26 $125,000 and $160,000 calls.
With futures open interest hovering near multi-month highs and options activity increasingly tilted toward aggressive calls, traders appear to be loading up in anticipation of further price expansion — all while bitcoin floats just around the $110,000 mark.
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