$1.85B Bitcoin Options Expiry on January 2 Amid Low Trading Volume
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 02 2026- Options Expiry Overview: Approximately 21,000 Bitcoin options contracts worth around $1.85 billion are set to expire on January 2, significantly lower than average due to muted trading over the holiday period, which may further weaken market liquidity.
- Put/Call Ratio: This week's Bitcoin options have a put/call ratio of 0.48, indicating a much higher number of calls than puts expiring, with max pain close to current spot prices, suggesting many contracts may end up in the money at expiry.
- Open Interest Analysis: Total open interest for Bitcoin options stands at $28 billion, with $1.3 billion at the $100,000 strike price, reflecting market divergence on future price expectations and rising bearish sentiment.
- Market Sentiment and Outlook: Despite Bitcoin gaining 1.3% in the past 24 hours, overall market sentiment remains pessimistic, with analysts noting the current price range of $84,000 to $94,000 shows no clear breakouts, likely leading to continued sideways movement.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
