Mixed Signals: Bitcoin Options Show 58% Calls vs 42% Puts as Price Holds Steady

Key Takeaways:

• Binance leads each exchanges successful BTC futures unfastened involvement astatine 134,620 BTC, portion CME posted the strongest 24-hour summation astatine positive 6.16% connected May 2.
• Deribit’s 29MAY26 $80,000 telephone holds 7,493.7 BTC successful unfastened interest, the largest azygous options declaration crossed each venues.
• With bitcoin astatine $78,418, the terms sits adjacent Deribit’s $78,000 max symptom level up of the May 3 expiry, putting dealers successful focus.

Bitcoin Futures Open Interest Climbs Back arsenic Binance, CME, and Gate Lead the Field

According to coinglass.com stats, full BTC options unfastened involvement sits astatine astir $30 cardinal arsenic of May 2, 2026, with bitcoin changing hands astatine $78,418. The fig marks a betterment from the lows seen successful precocious January and February, erstwhile unfastened involvement dropped beneath $25 cardinal alongside a terms descent that took bitcoin nether $70,000.

Futures open interest (OI) tells a akin story. Exchange-level information shows Binance starring with 134,620 BTC successful futures unfastened involvement worthy $10.55 billion, followed by CME astatine 117,320 BTC astatine $9.20 billion. Gate holds 68,860 BTC astatine $5.40 billion, portion MEXC logs 78,430 BTC worthy $6.15 billion. Bybit clocks successful astatine 59,890 BTC, oregon $4.70 billion.

Bitcoin futures unfastened involvement connected May 2, 2026.

CME’s 24-hour OI alteration of positive 6.16% stands retired against the remainder of the field. Most different exchanges posted mild declines implicit the aforesaid window, with BingX a notable outlier, shedding 54.60% successful 24-hour OI. Kucoin bucked the inclination with a 4.32% gain.

Deribit’s $80K Bitcoin Call Carries Most Open Interest Ahead of May 3 Settlement

On the options side, calls clasp the borderline implicit puts successful unfastened interest. Total telephone unfastened involvement sits astatine 241,222.88 BTC compared to 169,755.09 BTC for puts, giving a call-to-put ratio of astir 58.69% to 41.31%. In 24-hour volume, puts person taken the pb astatine 53.65% versus calls astatine 46.35%, pointing to near-term hedging enactment from traders.

Bitcoin options unfastened involvement connected May 2, 2026.

The astir actively held options stake connected Deribit is simply a telephone declaration giving buyers the close to acquisition bitcoin astatine $80,000 earlier May 29, with 7,493.7 BTC worthy of unfastened positions sitting down it. Close down is simply a December 2026 telephone targeting $120,000, holding 6,600 BTC successful unfastened interest, followed by a June 2026 telephone astatine the $90,000 onslaught with 6,362.7 BTC. On the bearish side, the largest enactment declaration is simply a December 2026 presumption that pays retired if bitcoin falls to $60,000, carrying 5,298.9 BTC successful unfastened interest.

CME options unfastened involvement stacked by expiration shows contracts owed successful 1 to 2 months dominating the structure. The CryptoQuant illustration covering mid-2025 done aboriginal May 2026 shows a crisp contraction from the November 2025 peaks, erstwhile full CME options OI approached 70,000 contracts. Current levels are moving betwixt 8,000 and 14,000 contracts per expiration cycle.

The CME put-versus-call breakdown, logged by Cryptoquant, shows puts consistently outpacing calls successful USD presumption done February and March 2026 earlier leveling off. Call involvement has started to rebuild done April, though some categories stay good beneath the late-2025 highs.

Max symptom levels alteration by speech heading into the May 3 expiry. Deribit places the existent max symptom level adjacent $78,000, with longer-dated expirations showing a downward curve toward $69,000 and beneath for the March 2027 contract. The June 2026 expiry shows the largest notional worth connected Deribit astatine astir $9 billion.

Binance‘s max symptom information shows a antithetic curve. The May 29 expiry carries a max symptom level adjacent $75,000 and the largest notional bar, portion the June 26 declaration sits astatine astir $75,000 successful max symptom arsenic well. The September 25 expiry pushes toward $84,000 earlier the curve drops backmost again.

OKX max symptom for the May 3 expiry reads adjacent $65,000, 1 of the much bearish near-term readings crossed exchanges. The March 2027 declaration shows a crisp upward spike successful notional worth with a max symptom level climbing backmost toward $78,000.

With bitcoin astatine $78,418, it sits supra the near-term max symptom levels connected Binance and OKX but fundamentally connected apical of Deribit’s reading. Options dealers managing vulnerability adjacent expiry could beryllium a quiescent unit shaping terms enactment done the weekend.