2026-01-16 17:39:24

January 16th is an options expiration date, and data shows that there will be a large-scale contract settlement on this day. Regarding BTC options, 20,000 contracts are expiring, with a Put/Call Ratio reaching 1.39. The maximum pain point is at $92,000, corresponding to a notional value of approximately $2.3 billion. This ratio indicates that the number of put options is significantly higher than call options, suggesting market participants have differing expectations about the future trend.

The situation for ETH is similar, with 120,000 options expiring on the same day. The Put/Call Ratio is 1.04, with the maximum pain point near $3,200, and a notional value of about $430 million. Compared to BTC's asymmetry, Ethereum's put and call strength are more balanced, indicating that traders' consensus on price expectations is relatively consistent.

These two sets of expiration data, combined, involve a considerable amount of funds and are likely to trigger market volatility on the expiration day. The maximum pain point of options often serves as an important reference before settlement.

BTC-0,56%

ETH-0,57%

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BlockTalk

· 12h ago

The 92,000 level must hold, or it will really explode. --- ETH looks okay for now, not as chaotic, but BTC is a bit uncertain. --- With a fund volume of 3.7 billion, it might be a show on the 16th. --- The put-call ratio is so high, the bears are really fierce. --- The biggest pain point is the target level of the big players, everyone understands this principle, right? --- Are you ready for the 16th, everyone? This could be a turning point. --- ETH is still relatively rational, but it feels like there are too many people bearish on BTC. --- Billions in delivery, short-term volatility is hard to avoid.

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SchrodingerGas

· 12h ago

The pain point at 92,000, it feels like the whales are sharpening their knives... BTC put options are crushing call options, which is a classic sign of panic premium, a complete failure of rational expectations. ETH's 1.04 ratio is relatively balanced, indicating that market disagreement about it isn't as large as with BTC, which is quite interesting. 2.3 billion plus over 400 million, this scale is enough to reverse the short-term trend, so we need to keep a close eye on the 16th. Using pain points as anchor points, this betting theory still has some tricks.

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NftDeepBreather

· 12h ago

The number 92,000 feels too aggressive; I might need to hold back until the 9th. ETH's consensus is relatively high this time, so it's not as easy to crash. The nominal value of 2.3 billion USD is essentially a bomb; no one dares to move it. On the expiration day, I'll just lie flat and watch the show. Put/Call ratio 1.39... Are the bears so fierce? I’ll turn around and go long. Someone said yesterday that 92,000 is the target price for the big players—laugh out loud. Small investors are about to become the chives again; this rhythm is all too familiar. Before the 27th, I’ll stick to holding spot positions; this is the safest in the face of such data. It looks like someone needs to take this position, betting on a reverse rally.

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MergeConflict

· 12h ago

The 92,000 level is a bit risky, feels like a break is coming The upcoming volatility around the expiration date depends on whether we can hold above 3,200 With 2.3 billion poured in, it might be a shakeout Seeing so many short positions, the liquidation list needs updating ETH's balance is actually more dangerous, no warning, just stepping into a trap Whether January 16 can avoid trading at the mid-price depends on how the big players move The bearish outlook on BTC suggests major players definitely have plans This data looks quite fierce, better prepare stop-losses If 92k can't hold, where will it go next? The pain point of options is that it’s a cash machine for the big players; just follow the inverse moves, and you'll be fine

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