Data: $7.8 billion in nominal value of Bitcoin options will expire at the end of the month, with the maximum pain point at $98,000
ChainCatcher news, according to CoinDesk, $7.8 billion worth of Bitcoin options will expire on January 31 at 08:00 UTC, with about 50% being put options. The current Bitcoin price is above the maximum pain point of $98,000, which may guide the market price to converge towards that point before expiration. Deribit data shows that the total nominal value of Bitcoin options open interest is approximately $28 billion, with this expiration accounting for about 22.6%.Deribit CEO Luuk Strijers stated that the SAB 121 policy adjustment allows banks to custody Bitcoin, which may release new institutional capital inflows. Additionally, market speculation regarding Bitcoin strategic reserves has also increased uncertainty. Currently, the Bitcoin volatility index (DVOL) is around 60, remaining stable compared to year-end levels, but market volatility is still high.