High-Volume Crypto Options Expiry Captivates Traders
The crypto derivatives market faces a pivotal moment with $2.8 billion in Bitcoin and ethereum options expiring January 16. Market participants closely monitor potential price impacts, though derivatives indicators suggest limited spot market disruption.
Bitcoin options show 25,000 contracts expiring with $2.4 billion notional value. The put/call ratio of 1.2 indicates slight selling pressure, while the $92,000 max pain level suggests many positions may expire profitably if prices stabilize NEAR this threshold.
Notable open interest includes $2.2 billion at $100,000 strike price on Deribit and $1.2 billion concentrated at $75,000. Across exchanges, bitcoin options open interest reaches record levels as traders position for volatility.