Bitcoin futures open interest reaches $54.82 billion, with September options max pain concentrated in the $70,000–$73,000 range

Odaily Planet Daily News: Total Bitcoin futures open interest stands at 695,020 BTC, valued at $54.82 billion, down 0.26% over the past hour and 0.38% over the past 4 hours, but still up 1.15% over the past 24 hours. Binance holds 142,500 BTC, worth $11.24 billion, accounting for 20.5% of the total.

Among Deribit Bitcoin options open interest, call options hold 288,409.93 BTC, representing 60.89%, while put options hold 185,234.42 BTC, representing 39.11%. Over the past 24 hours, put options accounted for 54.49% of trading volume, with 12,380.77 BTC traded, higher than the 10,339.78 BTC for call options.

Data from Deribit, Binance, and OKX shows that the max pain points for options expiring on September 25 are concentrated near the $70,000 to $73,000 range. As of 19:00 EST on August 30, the spot price of Bitcoin was $78,425, with futures positions still at elevated levels. (Bitcoin.com News)