The date with the most open interest for futures on debrit the largest bitcoin futures market is
$25k for Puts with 1,388 BTC in open interest.
$80k for Calls with 1,513 BTC in open interest.
I would expect this to change when the market settles down .
Whilst leverage in all forms is known to exacerbate market volatility, these two charts show a clear decline in traders taking on risk-on crypto-margined positions which is a net positive trend for the market. It also adds weight to the risk-off nature of the current market structure.
