Ah, dear readers, gather ’round and listen to the tale of the Bitcoin traders, who have gone mad with greed and ambition! Futures open interest, a measure of the total value locked in active Bitcoin contracts, has risen to a staggering $76.2 billion, marking a nearly 6% increase in the past day. 🤑📈
Major exchanges are at the heart of this madness. CME leads with over $16.7 billion in open positions, followed by Binance, Bybit, and Gate. The biggest percentage jump in the last 24 hours came from KuCoin and Gate, both seeing double-digit growth in open interest. 💸🚀
Meanwhile, Bitcoin options traders are leaning heavily into calls, with around 62% of open contracts betting on upward moves. Recent volume confirms the trend—with nearly two-thirds of trades targeting gains. Notably, big-money contracts are piling into calls expiring in July and September, aiming at strike prices like $120K and $140K. 💰🎰
Despite some minor dips in short-term futures positioning, the broader picture shows growing optimism and commitment among derivatives participants. Together, the spike in open interest and the dominant call activity suggest traders are gearing up for another potential rally. 🌈💫
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2025-07-04 08:20