Significant Expiry of BTC and ETH Options with Strong Market Support Observed

According to PANews, data from Greeks.live indicates that on January 9, a total of 21,000 BTC options and 126,000 ETH options expired, with a nominal value nearing $2.4 billion, accounting for approximately 7% of total open interest. The maximum pain point for BTC was at $90,000, while for ETH it was at $3,100. Despite a market rebound following annual settlements, a slight correction was observed this week, yet BTC and ETH demonstrated robust support at key integer levels. Large-scale options trading was active, comprising over 70% of transactions, with funds primarily positioned for BTC end-of-month bullish and ETH end-of-month bearish stances. BTC's implied volatility (IV) remained around 40%, while ETH's was approximately 55%.