$3 Billion Options Expiry Tests Crypto Market Conviction
Nearly $3 billion worth of Bitcoin and Ethereum options are set to expire on January 16. This puts derivatives markets in focus just as crypto prices test the strength of a recent rally.
While Bitcoin has pushed decisively above a key technical resistance level, options positioning and volatility metrics suggest traders remain cautious about declaring the move a confirmed bull breakout.
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Options Expiry Puts Bitcoin’s Breakout to the Test
According to Deribit data, the total notional value of options expiring today is roughly $2.84 billion. Bitcoin dominates the expiry, accounting for approximately $2.4 billion, while Ethereum contributes around $437 million.
The imbalance highlights…
