Options Bets Turn Defensive Ahead of a Bitcoin Price Showdown
Key Takeaways Coinglass metrics show bitcoin futures open interest at $54.82B, with Binance holding $11.24B. Deribit options hold 288,409.93 BTC in calls, giving bulls 60.89% of open interest. Deribit, Binance and OKX show Sept. 25 max pain near $70K-$73K, putting downside in focus. Across major futures venues, 695,020 BTC in open interest translates to $54.82…
