Key Takeaways Bitcoin futures open interest hit $49.82 billion on July 22, led by Binance’s $9.24 billion share. Deribit calls outnumber puts 65.88% to 34.12%, showing traders favor higher bitcoin prices through 2026. Binance max pain data points to $72,000 by late September, the highest projection among major exchanges. Bitcoin traded at $65,971 per coin at 11:45 a.m. EDT on Tuesday, according to market data. That price sits in the middle of a derivatives market that has grown increasingly split between institutional confidence and retail caution. Futures Open Interest Spreads Across a Dozen Venues Total bitcoin futures open interest across …

