$2.22B Options Expiry Places Bitcoin at Risk of Volatility
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Market Tension: As $2.22 billion in options contracts approach expiry, the Bitcoin market enters a sensitive phase, prompting traders to be alert for short-term volatility that could impact overall market sentiment.
- Bitcoin Dominance: Bitcoin represents approximately $1.84 billion of the total underlying value, indicating its potential influence on the market, especially near current price levels.
- Protective Strategies: The current put-to-call ratio for Bitcoin stands at 1.05, signaling that traders are favoring protective strategies over aggressive upside bets after the asset failed to hold near $95,000.
- Max Pain Level: According to Deribit data, the max pain level is set at $90,000, marking the price at which most options would expire worthless, with significant open interest clustering tightly around current levels, showing strong put protection below $85,000 and heavy call exposure above $90,000.
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.
