Recent data shows a significant increase in interest in Bitcoin futures contracts with a total value of $76.2 billion, indicating high trader activity.
Overview of Futures Interest
Total open interest in Bitcoin futures has reached $76.2 billion, marking an almost 6% increase in the past day. This indicates a rise in trader activity, with more positions being opened than closed.
Major Exchange Dynamics
Major exchanges are at the heart of this trend. CME leads with over $16.7 billion in open positions, followed by Binance, Bybit, and Gate. The largest percentage jump in the last 24 hours was seen from KuCoin and Gate, both registering double-digit growth in open interest.
Trends in Bitcoin Options
Bitcoin options traders are actively investing in call options. About 62% of open contracts are betting on upward moves, confirmed by recent trade volume—nearly two-thirds of trades are targeting gains. Notably, large contracts are focusing on calls expiring in July and September, aiming at strike prices of $120K and $140K.
The rise in open interest in the futures market and activity in Bitcoin options indicates growing optimism among derivatives market participants, potentially signaling another rally.
