Around 30,000 Bitcoin options contracts will expire on Friday, Jan. 24, and they have a notional value of roughly $3.1 billion.
This week’s expiry event is slightly larger than last week’s, but it is unlikely to have any major impact on spot crypto markets, which have calmed following a volatile week.
Bitcoin Options Expiry
This week’s batch of Bitcoin options contracts has a put/call ratio of 0.48, which means that there are more than twice as many call (long) contracts expiring than puts (shorts). Open interest, or the value or number of BTC options contracts yet to expire, is highest at the $120,000 strike price, which has $2.4 billion in OI, according to Deribit.
There is also around $1.7 billion in OI at the $110,000 strike price, as derivatives traders remain bullish.
The anticipated announcements and crypto executive orders following US President Donald Trump’s inauguration on Monday did not materialize, causing cryptocurrency market indicators to stabilize, reported De
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