2026-01-17 08:24:52

The derivatives market is about to experience a large-scale options expiration. According to data, a major options trading platform will process over $2.72 billion in options contracts expiring soon.

Bitcoin performs the most prominently— with a notional value of up to $2.29 billion. From a sentiment perspective, the put-to-call ratio reaches 1.39, indicating that the market is paying close attention to downside risks. The maximum pain point is near $92,000, which will have the greatest impact on options holders.

Ethereum's options volume is relatively smaller, with a notional value of $432 million, but it is also worth noting. The put-to-call ratio is 1.04, close to equilibrium, reflecting differing market opinions on Ethereum's direction. The maximum pain point is set at $3,200.

Large options expirations often lead to market volatility, so traders should closely monitor the performance of these key levels.

BTC-0,11%

ETH-0,03%

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LiquiditySurfer

· 3h ago

92000 this level is really tightly capped. With such a high bearish ratio, are we about to get smashed down again? If BTC's options expiration this time causes a dump, I'll just go all-in on the bottom. Anyway, I'm used to it. The Ethereum side's equilibrium state is actually more confusing. When no one is sure, black swan events are more likely to occur. $2.72 billion... Honestly, this size is enough to stir the market. I need to guard my positions well. With so many put options, isn't it just saying that long positions should be cautious? Forget it, I'll reduce my holdings and watch.

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DuskSurfer

· 3h ago

The 92,000 level really can't hold anymore; it feels like it's about to break defense. Why is there such a big disagreement over ETH? Looks like no one really understands it. With $2.7 billion pouring in, retail investors like us should just sit back and watch. When the pain point price appears, I have to watch the market closely; I'm afraid of missing this wave. There are so many bearish voices on Bitcoin... is there an opportunity for a contrarian move?

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OnChainDetective

· 3h ago

Wait, $2.29 billion worth of BTC options at the 92,000 level? This number is too coincidental, it feels like the whales are setting a trap. My analysis: - What does a put/call ratio of 1.39 indicate? Retail investors are hedging risks. - Are institutions quietly positioning at this critical price point? - The ETH ratio of 1.04 is even more suspicious... Too balanced = someone is suppressing the price. We need to monitor the recent activity of large wallet addresses on the chain; such contracts' expiration definitely has evidence of fund flows behind it.

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FantasyGuardian

· 3h ago

2.7 billion options expiring, and the 92,000 level feels like it's going to explode... So many people are bearish, they probably won't push it through in the opposite direction, right? ETH, on the other hand, is somewhat balanced, indicating that everyone is unsure... Whether we can bottom out in this wave depends entirely on these next few days.

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SchrodingerGas

· 3h ago

92k is another equilibrium point in the game... Will it be eaten up by institutions again this time? To be honest, I'm a bit too lazy to look at on-chain evidence. The gas fees are skyrocketing, and I have no energy left to analyze.

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FrontRunFighter

· 3h ago

$2.72 billion options bomb about to explode, the 92k price point is definitely no coincidence... the bots have been waiting in the shadows all along.

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