Bitcoin open interest hits record high as BTC slips below $111K

Quick Summary:

There is also more than $1 billion in OI at strike prices of $115,000, $125,000, and $130,000.Around $2.76 billion worth of notional value contracts are due to expire on May 23 with a put/call ratio of 1.2%, meaning there are more short (put) sellers than longs (call), and a max pain point of $103,000, where most losses will be made on expiry, according to Deribit. Bitcoin options OI by strike price.

Bitcoin futures open interest (OI) has hit record levels on crypto derivatives exchanges as traders anticipate the cryptocurrency will continue and reach new all-time highs. Bitcoin (BTC) futures open interest reached a peak of just over $80 billion on May 23, according to CoinGlass.

Source: CoinglassWhen OI surges, it indicates massive leveraged positions are built up in the market, with lots of traders holding large positions with borrowed money. If Bitcoin’s price moves against these over-leveraged positions, traders get forcibly liquidated, and the flushout can create selling pressure on Bitcoin, which can cause a rapid drop in prices and high volatility.

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Article Details

Author / Journalist: Cointelegraph by Martin Young

Category: Crypto

Markets: United States

Topics: Prices Traders Open Billion Interest Price According Positions Bitcoin Market Futures

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-23 @ 06:18:27 (16 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 421 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28921386

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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