[21,000 BTC Options and 126,000 ETH Options Expiring, Total Notional Value Near $2.4 Billion] According to data from Greeks.live, 21,000 BTC options and 126,000 ETH options will expire on January 9, with a total notional value approaching $2.4 billion, accounting for approximately 7% of total open interest. The maximum pain point for BTC is at $90,000, and for ETH, it is at $3,100. Despite a rebound in the market after the annual settlement, there has been a slight pullback this week, but BTC and ETH have shown strong support at key round-number levels. Block trading in options remains active, accounting for over 70%, with funds primarily positioned in BTC end-of-month call options and ETH end-of-month put options. BTC's implied volatility (IV) remains around 40%, while ETH's is approximately 55%.

Bitwise, an ETF issuer with a management scale of $5 billion, has stated that Bitcoin may experience a parabolic rise and that the market may "exhaust" sellers. （The Bitcoin Historian）

[OKX Launches RIVERUSDT Perpetual Contract] OKX will officially launch the RIVERUSDT perpetual contract on the web, app, and API platforms at 15:00 (UTC+8) on January 9, 2026.

[Vitalik Buterin Voices Support for Tornado Cash Co-Founder Roman Storm] Ethereum co-founder Vitalik Buterin expressed his support for Tornado Cash co-founder Roman Storm in a letter, stating that he has supported Roman Storm's work from the very beginning due to his strong belief in the importance of privacy and his active use of privacy tools, including those developed by Roman Storm. Vitalik Buterin opposes the idea that governments, police, and intelligence agencies should have access to everyone's information to ensure security, pointing out that government databases are frequently hacked and information is often obtained by hostile foreign forces. He mentioned that he has used Roman Storm's software to complete transactions, avoid having his name recorded in corporate databases when purchasing software for personal use, and noted that these applications continue to function properly even years after development has ceased.

Bitcoin's open interest contracts have fallen to their lowest level since 2022, and analysts point out that similar levels in history have typically been accompanied by price consolidation or potential bullish reversals, especially when price trends begin to stabilize. （CryptoQuant）