Key Takeaways:
Bitcoin futures open interest (OI) hit $61.9B across all exchanges on May 14, with Binance holding 19.05% market share.CME’s put-heavy options book signals institutional hedging, as calls lead 57% to 43% on Deribit and OKX volume.Deribit’s June 26 expiry carries $14.52B in notional value, making it the heaviest options event this summer.The broader futures picture showed a 24-hour open interest gain of 1.61% across all exchanges, with a four-hour move of +3.72%. BingX stood out with a 24-hour open interest jump of 17.81%, the biggest one-day move on the leaderboard. Kucoin moved in the opposite direction, shedding 17.25% of open interest over the same period, which was the sharpest single-day drop among major platforms.
57% Calls, 42% Puts: Bitcoin Options Traders Are Still Leaning BullishMax pain levels across Deribit, OKX, and Binance all cluster in the $78,000–$81,000 range for near-term expirations. OKX max pain data shows levels near $80,000 for May 15, dipping toward $75,000 for May 29 before recovering for the June 26 date. Notional value stacked on the May 29 OKX expiry has reached $1.24 billion, the heaviest stat on the spread.
