Bitcoin options expiration will trigger this week's market, with massive positions fueling bullish expectations

BrokenDAO · 2026-01-19T14:24:52+00:00

This Friday, Bitcoin options worth $23.6 billion will expire, reaching a record high and indicating strong market expectations for BTC to rise. The key pain point is at $96,000, which is expected to become a critical support level, driving the spot price toward that level. Market reactions could reinforce the upward trend, which is worth watching.

BrokenDAO

2026-01-19 14:24:52

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This Friday marks an important moment in the crypto market — approximately $23.6 billion worth of Bitcoin options will reach expiration, setting a new record high in the BTC derivatives market.

According to the latest market data, the current Bitcoin price is around $92.86K. With such a massive options volume, market participants are closely watching the price movement. Analysis indicates that the overall options position structure at this expiration is tilted towards bullishness, suggesting strong market expectations for further upward movement.

Maximum Pain Point Becomes Key Support

The maximum pain point (the price at which options buyers lose the most and sellers profit the most) in the options market is at the $96,000 level. This price point is no coincidence — it reflects market participants’ concentrated expectations for Bitcoin’s short-term trend. Historically, when large options expire, spot prices tend to move toward the maximum pain point to maximize sellers’ gains.

How Will the Market React

The expiration event this Friday is expected to reinforce Bitcoin’s upward trend. This is because options sellers often adjust their positions before expiration to lock in profits, which could drive the spot price above $96,000. The gap from $92.86K to $96,000 seems relatively limited, but the amplification effect of derivatives markets could trigger more intense volatility.

The $23.6 billion options expiration scale is enormous and cannot be underestimated in its impact on the market. Both spot traders and derivatives players need to closely monitor the price performance this Friday.

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