Bitcoin’s derivatives landscape is heating up, with fresh capital flowing into futures and a strong tilt toward bullish sentiment in the options market.
Futures open interest—representing the total value locked in active Bitcoin contracts—rose to $76.2 billion, marking a nearly 6% increase in the past day. That signals a notable uptick in trader activity, as more positions are being opened than closed.
Major exchanges are at the heart of this momentum. CME leads with over $16.7 billion in open positions, followed by Binance, Bybit, and Gate. The biggest percentage jump in the last 24 hours came from KuCoin and Gate, both seeing double-digit growth in open interest.
Meanwhile, Bitcoin options traders are leaning heavily into calls. Around 62% of open contracts are betting on upward moves, and recent volume confirms the trend—with nearly two-thirds of trades targeting gains. Notably, big-money contracts are piling into calls expiring in July and September, aiming at strike prices like $120K and $140K.
Despite some minor dips in short-term futures positioning, the broader picture shows growing optimism and commitment among derivatives participants. Together, the spike in open interest and the dominant call activity suggest traders are gearing up for another potential rally.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/bitcoin-traders-go-long-as-derivatives-markets-see-surge-in-bullish-bets/