Six-Figure Bitcoin Price in Sight as BTC Call Options Go Berserk
Bitcoin derivatives markets are running hot while bitcoins price tagged an intraday high of $79,989 Monday, with traders stacking billions into futures and options while paying increasingly steep premiums to chase even higher prices. Key TakeawaysBitcoins price per unit hit $79,989 as exchange open interest raced toward $58 billion.Deribit calls command 59.37% of BTC options open interest as bulls pile in.Binance and Deribit max pain sits near $70,000 for the Aug. 28 expiry. Bitcoin Open Interest Accelerates With the Rally The leverage is showing up plainly in futures open interest, which tracks contracts still active rather than closed or settled. Coinglass bitcoin futures data tallied on Monday shows exchange bitcoin open interest racing toward $58 billion as bitcoins price stalked $80,000, a sharp rebound from roughly $49 billion only days earlier. Binance commands the largest slice among the top derivatives exchange platforms, with 144,050 BTC, or about $11.51 billion, in open interest. CME follows at 125,950 BTC worth $10.07 billion. MEXC holds $5.60 billion, Gate has $4.75 billion, and Bybit carries $4.64 billion. Bitcoin futures open interest via Coinglass. This is not one exchange distorting the tape. Binance open interest jumped 5.05% over 24 hours, CME rose 3.62%, MEXC gained 4.77%, and Bitget climbed 4.62%. BingX









