Bitcoin News
By Sydney TheCMO
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Options Skew Tells a Different Story. The options side is where things get murky. Total open interest in Bitcoin options has surged to…
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Max Pain Zones and CME's Institutional Footprint. CME's role here can't be ignored. Options open interest on the institutional exchange has been…
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Bitcoin derivatives traders aren't exactly walking into September with confidence. The market carries $54.
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Futures open interest ticked down 0.26% over one hour and 0.38% over four hours — small moves, but worth watching. Over the past day, it's still up 1.
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Futures rebounded hard since June. Not that long ago, open interest had dropped into the mid-$40 billion range.
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The options side is where things get murky. Total open interest in Bitcoin options has surged to around $44 billion — a sharp recovery from roughly $25 billion at the start of…
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Calls dominate open interest at 288,409.93 BTC, or 60.89% of the total. Puts sit at 185,234.42 BTC, accounting for 39.11%. On paper, that looks bullish.
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Deribit's biggest open-interest positions are worth paying attention to. The Sept. 25 $70,000 call carries 11,018.
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CME's role here can't be ignored. Options open interest on the institutional exchange has been rebuilding with contracts expiring soon.
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Read also: Bitcoin Surges Past $80,000, but $617 Billion Still in Losses
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Max pain levels — the price point where option holders collectively lose the most at expiration — range between $70,000 and $80,000 across several upcoming dates on Deribit and…
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With spot at $78,425, the market is basically sitting right on top of those max pain zones. That's not a comfortable place to be.
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The futures picture looks resilient on the surface. The climb back from mid-$40 billion territory is real. But the options market keeps flashing yellow.
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Exchanges like Binance and OKX show diverse max pain levels with key early-September dates around $78,500 and $75,000. CME's institutional options open interest is still building.
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Read also: Bitcoin Faces $9 Billion in Liquidations, Raising Concerns Over September Demand
The Currency Analytics
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