Key Takeaways:
Binance leads all exchanges in BTC futures open interest at 134,620 BTC, while CME posted the strongest 24-hour gain at plus 6.16% on May 2. Deribit’s 29MAY26 $80,000 call holds 7,493.7 BTC in open interest, the largest single options contract across all venues. With bitcoin at $78,418, the price sits near Deribit’s $78,000 max pain level ahead of the May 3 expiry, putting dealers in focus. Bitcoin Futures Open Interest Climbs Back as Binance, CME, and Gate Lead the FieldCME’s 24-hour OI change of plus 6.16% stands out against the rest of the field. Most other exchanges posted mild declines over the same window, with BingX a notable outlier, shedding 54.60% in 24-hour OI. Kucoin bucked the trend with a 4.32% gain.
Deribit’s $80K Bitcoin Call Carries Most Open Interest Ahead of May 3 SettlementMax pain levels vary by exchange heading into the May 3 expiry. Deribit places the current max pain level near $78,000, with longer-dated expirations showing a downward curve toward $69,000 and below for the March 2027 contract. The June 2026 expiry shows the largest notional value on Deribit at roughly $9 billion.
