Record $2.2B Options Expiry Puts Crypto Markets On Watch - Crypto Economy

CryptoEconomy · 2026-01-02T13:01:26+00:00

Deribit is set to see $1.85 billion in Bitcoin options and $396 million in Ether contracts expire soon, with traders monitoring potential price movements amid a range-bound market.

CryptoEconomy

2026-01-02 13:01:26

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Derivatives venue Deribit is set to see a fresh batch of Bitcoin and Ether options expire on Friday, Jan. 2, as spot trading remains range-bound, according to a market update citing Deribit data.

Around 21,000 BTC options contracts are due to roll off with about $1.85 billion in notional value. The tranche carries a 0.48 put/call ratio, while “max pain” sits near $88,000. Open interest is heaviest at the $100,000 strike, with roughly $1.3 billion positioned there, and about $1.1 billion clustered at $75,000 and $80,000.

Ethereum’s slate is also sizable: roughly 130,000 ETH contracts with about $396 million in notional value, a 0.62 put/call ratio, and max pain around $2,950. Traders will be watching whether prices drift toward those levels into expiry and whether early-January flows break the current sideways pattern.

Source: Deribit.

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