[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%.