Expiration structure on CME adds another layer. The stacked-by-expiration chart shows meaningful concentrations in the one- to two-month and two- to three-month buckets, with additional weight further out the curve beyond six months. Nearer-term expirations continue to accumulate notional value, implying traders are focused on shorter-dated catalysts while still maintaining longer-dated exposure.
For the nearer March 27 expiry, notable notional concentrations are visible across venues, particularly on Deribit and OKX, where green bars spike at that date. That clustering suggests the late-March contract could act as a gravity point if spot price drifts toward heavily populated strikes.
FAQ What is bitcoin’s total futures open interest on March 3, 2026?Total futures open interest stands at 651,350 BTC, valued at $43.78 billion at 9 a.m. EST. Are bitcoin options traders leaning bullish or bearish?It’s fairly mixed. Options open interest is 55.15% calls versus 44.85% puts, with call volume also leading over 24 hours. Which exchanges hold the largest bitcoin futures open interest?Binance leads with 110,960 BTC, followed closely by CME with 106,320 BTC in open interest. Where are current max pain levels for bitcoin options?Max pain levels cluster near $80,000 on Deribit, around $120,000 on Binance’s longer-dated curve, and near $75,000 on OKX.
