Deribit: Cryptocurrency options trading activity causes Bitcoin price to be suppressed around $90,000

BTC-0,2%

PANews January 29th News, according to Cointelegraph, the cryptocurrency options exchange Deribit pointed out that Bitcoin’s recent price has been suppressed around $90,000, mainly due to a large number of open interest contracts concentrated near the current strike prices, especially before the large expiration date on January 30th. This indicates that market risk exposure is primarily built through options rather than high-leverage futures, with traders using hedging and structured strategies to manage risk. Deribit analysis states that high options trading volume (especially short-term put options) indicates that capital remains in the market, but risk control is more stringent. Short-term price movements are more driven by the positioning structure rather than external news. Bitcoin has been fluctuating within the range of $85,000 to $95,000 since mid-November. This Friday, Bitcoin monthly options with a notional value of approximately $8.4 billion will expire, with a put/call ratio of 0.54. The maximum pain point is at $90,000, and open interest contracts are most concentrated near the $100,000 strike price.

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