Bitcoin futures began August with a significant recalibration in positioning. In the first four days of the month, aggregate futures open interest (OI) fell from $83.63 billion to $79 .85 billion, a $3.78 billion drop in notional terms. This followed Bitcoin's price dropping around 2.8%, indicating that most...
Bitcoin futures shed $3B in leverage as traders trims risk
The drop in open interest was driven largely by retail traders on Binance and Bybit, while CME’s institutional positioning remained intact.
3 min read
Updated: Aug. 4, 2025 at 3:02 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Hyperliquid
$24.1163
Hyperliquid is a high-performance Layer 1 blockchain designed to optimize decentralized finance (DeFi) applications.
CME Group
CME Group is a global markets company empowering participants to efficiently manage risk and capture opportunities in every major asset class..
Binance
Binance is one of the world’s largest centralized cryptocurrency exchanges by trading volume, offering spot, derivatives, and earning products to a global retail and institutional user base.
OKX
OKX is a world-leading digital asset exchange, providing advanced financial services to global traders by using blockchain technology.
Bybit
Bybit is a centralized crypto exchange best known for derivatives, including perpetual futures and options, alongside spot trading and related services.
KuCoin
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies that launched in September 2017.
