Around 25,000 Bitcoin options contracts will expire on Friday, Jan. 16, with a notional value of roughly $2.4 billion. This expiry event is slightly larger than last week’s, but derivatives trading remains slow, so there is unlikely to be any impact on spot markets.
Crypto markets have gained around $130 billion since the start of the week, with the majors hitting two-month highs despite the delay of the Senate markup for the market structure legislation in the United States.
Bitcoin Options Expiry
This week’s tranche of Bitcoin options contracts has a put/call ratio of 1.2, meaning that expiring calls (longs) are slightly lower in number than puts (shorts). Max pain is around $92,000, according to Coinglass, which is pretty close to the current spot prices, so many will be in the money on expiry.
Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, remains highest at $100,000, which has $2.2 billion at this strike price on Deribit. There remains
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