{"id":78889,"date":"2026-09-30T21:15:20","date_gmt":"2026-09-30T21:15:20","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-holds-83k-as-bitfinex-says-leverage-has-cleared\/"},"modified":"2026-09-30T21:15:20","modified_gmt":"2026-09-30T21:15:20","slug":"bitcoin-price-holds-83k-as-bitfinex-says-leverage-has-cleared","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-holds-83k-as-bitfinex-says-leverage-has-cleared\/","title":{"rendered":"Bitcoin Price Holds $83K as Bitfinex Says Leverage Has Cleared"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Binance holds $11.01 billion in bitcoin futures open interest, representing 20.77% of the market.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Deribit\u2019s Oct. 30 $95,000 call leads displayed options positions with 23,350.8 BTC in open interest.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">CME options data shows a smaller book than late 2025, with calls outweighing puts in the latest tape.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Bitcoin options carry a split personality into October, with calls accounting for 60.88% of outstanding positions, according to <a href=\"https:\/\/www.coinglass.com\/options\" target=\"_blank\" rel=\"noopener noreferrer\">Coinglass stats<\/a>. October has traditionally treated bitcoin well, earning the month the \u201cUptober\u201d moniker among crypto proponents. Yet while most Octobers since 2013 have finished in the green, the pattern broke in 2025 when bitcoin failed to deliver a gain despite hitting a new high early in the month.<\/p>\n<p>At the same time, September, historically one of bitcoin\u2019s more punishing months over the past 14 years, flipped the script this year with a 7% gain. Could this mean <a href=\"https:\/\/news.bitcoin.com\/the-uptober-that-wasnt-bitcoin-ends-seven%e2%80%91year-winning-streak\/\">the infamous \u201cUptober\u201d<\/a> may fail to materialize? Meanwhile, Deribit\u2019s Oct. 30 max-pain level sits near $76,000, roughly $8,000 below bitcoin\u2019s $84,144 price at 2 p.m. Eastern on Sept. 30, 2026.<\/p>\n<p>The apparent contradiction puts upside exposure beside a much lower options payout reference point, while roughly $53 billion in futures open interest adds another layer of exposure to a market whose biggest venues aren\u2019t moving in lockstep.<\/p>\n<h2>Bitcoin Futures Show Divided Exchange Activity<\/h2>\n<p><a href=\"https:\/\/www.coinglass.com\/open-interest\/BTC\" target=\"_blank\" rel=\"noopener noreferrer\">Futures figures<\/a> on Wednesday show approximately $53 billion total from individual exchanges. Binance currently holds $11.01 billion, or 20.77% of the tally, against CME\u2019s $8.46 billion and 15.96% sahre. Together, they represent nearly $37 of every $100 in outstanding futures exposure. Open interest measures outstanding contracts, not cash deposited or money newly entering bitcoin.<\/p>\n<p>The next sizable books include Bybit at $5.22 billion, MEXC at $5.05 billion, and Gate at $4.27 billion. The <a href=\"https:\/\/news.bitcoin.com\/defi\/hyperliquid-generates-429m-as-hypes-price-hits-all-time-high-of-95\/\">decentralized perps exchange Hyperliquid<\/a> carries $3.04 billion, ahead of OKX\u2019s $2.94 billion. Historical futures data ends near $53 billion today, well below its visible peak above $90 billion last year. That\u2019s a smaller book, though dollar totals also move with bitcoin\u2019s price.<\/p>\n<p>Over 24 hours, Binance\u2019s open interest rose 2.10% and CME\u2019s gained 1.41%, while Bybit lost 2.54% and OKX shed 1.89%. BingX posted a 37.34% increase to $918.61 million. Zoom into four hours, however, and Binance, CME, Bybit, and OKX all contracted. The shorter window throws cold water on any claim of uniform expansion.<\/p>\n<h2 data-pm-slice=\"1 1 [&quot;ordered_list&quot;,{&quot;spread&quot;:false,&quot;startingNumber&quot;:1,&quot;start&quot;:0,&quot;end&quot;:599},&quot;regular_list_item&quot;,{&quot;start&quot;:120,&quot;end&quot;:179}]\">Bitfinex Analysts See Room for Gains as Speculative Froth Clears<\/h2>\n<p>In a note shared with Bitcoin.com News on Wednesday afternoon, Bitfinex analysts explained that a lot of the borrowed money <a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-derivatives-are-heating-up-traders-want-insurance\/\">and aggressive betting<\/a> has left the bitcoin market.<\/p>\n<p>\u201cAggregated futures open interest (OI) is at its lowest since March, implied volatility (IV) sits close to a one-year low, and Exchange Traded Fund (ETF) inflows have slowed to roughly match the pace of new bitcoin issuance,\u201d Bitfinex analysts wrote. \u201cWith leverage substantially reduced, the next sustained move will need to be led by the spot market.\u201d<\/p>\n<p>Traders are using less leverage, and futures are offering less incentive to make aggressive bets on <a href=\"https:\/\/www.bitcoin.com\/price\/bitcoin\/\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin\u2019s price<\/a>. Bitfinex said that has sometimes been a healthy setup for bitcoin\u2019s price.<\/p>\n<p>\u201cThis combination of contracting OI in response to diminished futures premiums has historically supported price action,\u201d the market strategists explained. \u201cSince 2022, elevated futures settlement ratios paired with compressed carry have preceded a median 30-day gain of 8.9 percent. If current basis rates persist and OI remains flat, the historical patterns suggest that bitcoin could continue to appreciate.\u201d<\/p>\n<p>The Bitfinex analyst team added:<\/p>\n<blockquote>\n<p>\u201cWe expect the current band to decide the next move. While the $82,500 to $84,000 cost basis keeps thickening, buyers are absorbing the coins that overhead holders sell, and each day of that dynamic reduces the supply waiting at breakeven. A reclaim of $85,000 would return the 760,000 BTC held between $84,000 and $85,000 to profit and lift supply in profit back above 75%. At that point, those holders stop being sellers.\u201d<\/p>\n<\/blockquote>\n<h2>Calls Dominate Bitcoin Options Positions<\/h2>\n<p><a href=\"https:\/\/news.bitcoin.com\/understanding-cryptocurrency-options-an-alternative-way-to-trade-crypto\/\">Options open interest<\/a> stands around $36 billion this afternoon, after a recent spike above $50 billion before the last big expiry. The call-versus-put panel lists 262,739.4 BTC in calls and 168,854.8 BTC in puts, a put-to-call ratio near 0.64. Calls represent roughly three-fifths of outstanding exposure, but their numerical advantage doesn\u2019t indicate whether traders bought or sold them.<\/p>\n<p>Daily options volume is more evenly divided: 55.08% calls against 44.92% puts, with 34,514.02 BTC and 28,151.67 BTC traded, respectively. Calls provide upside rights; puts provide downside rights. Either can feature in hedges or multileg strategies. A call-heavy tally, by itself, doesn\u2019t establish a marketwide bullish wager. The fine print earns its keep.<\/p>\n<p>Deribit\u2019s Oct. 30 $95,000 call tops the displayed contract rankings on Wednesday with 23,350.8 BTC of open interest. The $90,000 and $100,000 calls for that expiry follow with 18,089.4 BTC and 12,956.7 BTC. Those three strikes total 54,396.9 BTC. Meanwhile, the Oct. 1 $84,000 put ranks second in daily volume, showing activity close to the supplied spot price.<\/p>\n<h2>CME Options Shrink Across Expirations<\/h2>\n<p><a href=\"https:\/\/cryptoquant.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Cryptoquant\u2019s CME expiry metrics<\/a> show a much smaller outstanding book at September\u2019s end than during late 2025, when plotted totals exceeded 70,000. Recent totals fall sharply from roughly 11,000 to around 6,000 as the nearest bucket drops out. CME\u2019s separate dollar-denominated options stats also end far below late-2025 levels. Calls visually outweigh puts in the latest action, reversing the put-heavy composition visible through much of the intervening period.<\/p>\n<h2>Max Pain Sits Below Spot Price<\/h2>\n<p>For Oct. 30, <a href=\"https:\/\/www.coinglass.com\/pro\/options\/max-pain\" target=\"_blank\" rel=\"noopener noreferrer\">the latest max-pain levels<\/a> are approximately $76,000 on Deribit, $79,000 on Binance, and $80,000 on OKX. Deribit\u2019s October and December expiries each carry roughly $10 billion in notional value. Max pain is the price at which option holders would collect the least at expiration, not a forecast of where bitcoin will land.<\/p>\n<p>December\u2019s reference levels also remain below bitcoin\u2019s price, sitting near $75,000 on Deribit and OKX and around $80,000 on Binance. October\u2019s largest listed call positions, meanwhile, stretch from $90,000 to $100,000, even as the underlying payout math points considerably lower. Both sets of numbers share the same options board, reflecting a market where traders are positioned across a wide range of possible outcomes.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-price-holds-83k-bitfinex-says-leverage-cleared\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Binance holds $11.01 billion in bitcoin futures open interest, representing 20.77% of the market. Deribit\u2019s Oct. 30 $95,000 call leads displayed options positions with 23,350.8 BTC in open interest. CME options data shows a smaller book than late 2025, with calls outweighing puts in the latest [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":78890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78889"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=78889"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78889\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/78890"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=78889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=78889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=78889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}