"Bitcoin futures open interest across all exchanges slid 4.2% over the past 24 hours to $58.44 billion, while options positioning on the CME skewed heavily toward puts, a clear signal that institutional traders are hedging rather than pressing longs."
"CME ranked first in open interest by USD value, holding $10.01 billion across 131,670 BTC in outstanding futures contracts. Binance edged CME in raw BTC terms at 134,200 BTC ($10.21B), but the two exchanges diverged sharply on 24-hour direction."
"BingX logged the steepest single-day drop at negative 35.92%, a move that points to forced liquidations or a large institutional exit rather than gradual de-risking."
Bitcoin futures open interest decreased by 4.2% to $58.44 billion, with a significant drop of 35.92% at BingX. The CME experienced a rare 2.61% gain, indicating institutional hedging as put options dominated. Total futures open interest was recorded at 768,160 BTC, reflecting a market shedding leveraged exposure since late 2025. CME led in open interest by USD value, while Binance saw a decline of 2.88%. The market shows defensive positioning as the April 24 expiry approaches, with max pain near $72K.
Read at news.bitcoin.com
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