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Over $2.3B in Bitcoin Options and $430M in Ethereum Options Expired

The January 16 expiry of BTC and ETH options occurred amid strong market pressures, with prices nearing key max pain points amid recent volatility.

BTC
ETH

Summary

On January 16, 20,000 Bitcoin options worth $2.3 billion expired with a max pain point of $92,000. Earlier in the week, BTC approached $98,000 under strong Sell Call pressure, while put option prices fell due to heavy sell put activity. Simultaneously, 120,000 Ethereum options worth $430 million expired with a max pain point of $3,200, reflecting substantial positioning in the crypto derivatives market.

Terms & Concepts
  • Max Pain: An options market theory suggesting the price point where most options holders would incur the most losses.
  • Options Expiration: The date on which an options contract becomes void and must be settled or exercised.
  • Sell Call: An options strategy involving selling a call option, typically to generate income or speculate on a price drop.