Around 91,000 Bitcoin options contracts will expire on Friday, Jan. 30, with a notional value of roughly $8.3 billion. This event is much larger than the rest this month because it is the last one for January.<\/p>\n
Crypto markets have lost around $215 billion since the start of the week, as the Federal Reserve kept US interest rates steady at 3.5% to 3.75%, still much higher than its 2% target. Geopolitical tensions in the Middle East also reignited, sparking further fears.<\/p>\n
This week\u2019s big batch of Bitcoin options contracts has a put\/call ratio of 0.54, meaning that there are more expiring calls (longs) than puts (shorts). Max pain is around $90,000, according to Coinglass, which is above current spot prices, so many will be out of the money on expiry.<\/p>\n
Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, remains highest at $100,000, which has $1.9 billion at this strike price on Deribit. There remains around over $1 billion in OI at $75,000, $80,000 and $85,000 as bearish bets mount.<\/p>\n
Total BTC options OI across all exchanges has been climbing since the beginning of the year and is at $58 billion.<\/p>\n
\u201cExpiry could amplify moves around key levels, especially around the pain zones,\u201d said Deribit, and that appears to be happening as spot markets tank.<\/p>\n
Options Expiry Alert <\/p>\n
At 8:00 UTC tomorrow, over $9.5B in crypto options are set to expire.$BTC<\/a>: $8.27B notional | Put\/Call: 0.54 | Max Pain: $90K$ETH<\/a>: $1.27B notional | Put\/Call: 0.74 | Max Pain: $3.1K<\/p>\n BTC is trading sideways just under $90K going into expiry, while\u2026 pic.twitter.com\/vEXRIaIreO<\/a><\/p>\n \u2014 Deribit (@DeribitOfficial) January 29, 2026<\/a><\/p>\n\n In addition to today\u2019s batch of Bitcoin options, around 440,000 Ethereum contracts are also expiring, with a notional value of $1.3 billion, max pain at $3,100, and a put\/call ratio of 0.74. Total ETH options OI across all exchanges is around $35 billion.<\/p>\n This brings the total notional value of crypto options expiries to around $9.6 billion.<\/p>\n Crypto markets melted down<\/a> during the Friday morning trading session in Asia, with total capitalization dropping below $3 trillion for the first time since mid-December.\u00a0More concerning is that it has fallen to its lowest level since April, suggesting that a bear market is fully underway.<\/p>\n Bitcoin plunged through support, crashing 8% on the day in a fall to $81,300 at the time of writing, its lowest level since April.\u00a0Ether prices<\/a> tanked 9%, falling to around the $2,700 level, and the altcoins were a double-digit bloodbath.<\/p>\n The post Crypto on Edge: Will Huge $8.3B Bitcoin Options Expiry Trigger Another Dump?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around 91,000 Bitcoin options contracts will expire on Friday, Jan. 30, with a notional value of roughly $8.3 billion. This event is much larger than the rest this month because it is the last one for January. Crypto markets have lost around $215 billion since the start of the week, as the Federal Reserve kept […]<\/p>\n","protected":false},"author":0,"featured_media":131069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-131068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/131068"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=131068"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/131068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/131069"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=131068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=131068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=131068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Spot Market Outlook<\/h2>\n