$9.5 billion worth of Bitcoin and Ethereum options are about to expire, with the maximum pain point for BTC at $90,000

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PANews January 29 News, according to Deribit official announcement, more than $9.5 billion worth of crypto options will expire at 16:00 Beijing time on January 30. Among them, Bitcoin options have a notional value of $8.27 billion, with a Put/Call ratio of 0.54, and the maximum pain point at $90,000; Ethereum options have a notional value of $1.27 billion, with a Put/Call ratio of 0.74, and the maximum pain point at $3,100. Currently, Bitcoin is trading sideways near $90,000, and market demand for downside protection is increasing, indicating cautious trader sentiment, but overall positions still lean bullish.
Previous news, Deribit: Cryptocurrency options trading activity has kept Bitcoin’s price suppressed near $90,000.

BTC-2.35%
ETH-3.33%
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