Deribit options expire today: BTC bearish sentiment slightly outweighs bullish, with the biggest pain point at $90,000

ForkMonger · 2026-01-09T06:38:31+00:00

At 16:00 today, the expiration and settlement of BTC and ETH options will bring market volatility. The nominal value of BTC options is $1.87 billion, with a put/call ratio of 1.07, indicating a slight dominance of the bearish side; ETH's nominal value is $395 million, with a put/call ratio of 0.88, showing a slight advantage for the bullish side.

ForkMonger

2026-01-09 06:38:31

Abstract generation in progress

【BlockBeats】Today at 16:00, an options expiration and settlement will take place. According to the latest data from Deribit, the notional value of BTC options has reached $1.87 billion, with a put/call ratio of 1.07, indicating that the market’s shorting forces are slightly dominant, with the maximum pain point at $90,000.

The situation for ETH is slightly different, with a notional value of $395 million. The put/call ratio of 0.88 suggests that the bulls have a slight advantage, with the maximum pain point around $3,100. Such data is an important reference for many traders—after all, options expiration often brings market volatility.

BTC0,13%

ETH1%

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ReverseFOMOguy

· 01-09 20:24

The 90,000 USD level, bears want to smash it, bulls want to defend, today is probably going to be exciting. ETH is somewhat interesting, the bullish side still has a slight advantage, 3100 must be held. It's also options expiration day. I bet the market will bite back against everyone. When Deribit releases this data, traders start following the trend and betting accordingly, but it often turns out the opposite haha. With a volume of 1.87 billion USD, if the 90,000 USD level really breaks... it's hard to say. Bears are gaining strength, but I don't believe they can successfully smash through. Contrarian thinking will never deceive me. On options expiration day, the most exciting moment arrives—whose stop-loss will get hit? The put-to-call ratio is 1.07, not particularly high, feels like there's an ambush. This 90,000 level might just be a trap set by the main players.

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ProposalDetective

· 01-09 10:46

$90,000 this level is indeed interesting, the bears are a bit tricky --- On the contrary, more people are bullish on ETH. No matter what, this options expiration will cause some volatility --- With a nominal value of 1.87 billion, how big of a wave does that create? --- People always say options expiration will cause volatility, but when it actually happens, it's all just guesswork --- The put-to-call ratio is only 1.07, not as bearish as expected --- At the 3100 level, ETH bulls are defending, which is quite interesting --- It's time to start the guessing game again, betting on which side the funds will flow to

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StableGeniusDegen

· 01-09 07:08

Is the 90,000 USD level really that difficult to break? It feels like we're stalling here every day. --- The shorting ratio is 1.07, just a slight advantage. The chance of a reversal isn't low either. --- Is ETH actually more bullish? That doesn't seem right. --- The $1.87 billion maturity volume, we need to keep a close eye on it today at 4 PM. --- Again at the 90,000 point, are the bears really about to make a move? --- The pain point theory is always so accurate. Why do I keep guessing wrong every time? --- The ETH pain point at 3,100 is higher than I expected. --- Options expiration is always a big event. Who wins and who loses will be decided in these two hours.

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TokenDustCollector

· 01-09 07:08

Is the 90,000 point level really that strong? Feels like the bears are overthinking it. --- It's both options expiration and the biggest pain point, but isn't it just the whales playing tricks? --- Is the bullish view on ETH actually gaining the upper hand? That's interesting. --- A nominal value of $1.87 billion, can it really be dumped? --- Every time it's said to be an important reference, but how it moves still depends on luck. --- It's really annoying that $90,000 gets stuck; either break through or rebound, don't keep torturing us here. --- It's too common for bears to try to scare people just because they have a slight edge. --- The key is that after this expiration, new options will come in to take over, never-ending. --- So should I withdraw now or go all-in? That's the real question.

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WinterWarmthCat

· 01-09 07:05

90,000 can't hold up anymore, the bears are starting to stir again The bearish sentiment ratio has risen to 1.07, feels like there will be a good show this afternoon ETH is actually more bullish, quite interesting... indicating capital differentiation Is the 90,000 level really that fragile? Options expiration day, it's time to see who cuts whom

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GasFeeSobber

· 01-09 07:01

$90,000 is really starting to be hard to hold, and there are still quite a few people shorting. BTC maxis should be nervous. Should we bet on whether 90k won't break? This data feels like a bait, and they'll probably dump the market in the opposite direction later. Both bulls and bears are fighting, just waiting for one side to back down first. What does the 1.07 ratio indicate? It's probably just big funds positioning for volatility. ETH seems to be more stable; 3100 feels like the real support. On options expiration day, $90,000 is a threshold. Only if it's broken will it be considered serious. These shorts are really persistent. Let's see if Deribit will surprise us.

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Layer2Arbitrageur

· 01-09 06:58

actually if u look at the put/call ratios and run the basis calculations, there's like 47bps of edge getting left on the table rn... btc max pain at 90k is basically a flash loan arb waiting to happen lol

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UnluckyLemur

· 01-09 06:51

The $90,000 pain point feels like it will be firmly suppressed. Is the bearish side slightly ahead? I bet it will break through. ETH is actually more bullish and taking advantage, this doesn't feel right. It's options expiration day again, time to stir things up. The $90,000 card here is really strange, a bit too coincidental. The bears are slightly ahead, but it feels like a trap set up. Just waiting to see who gets educated.

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ShitcoinConnoisseur

· 01-09 06:41

$90,000 is a bit too impressive, and the whales are fishing again --- Wait, is ETH actually bullish? This doesn't make sense --- Every time options expire, I have to check where the pain points are. This time, $90,000 feels a bit uncertain --- The short-selling force is dominant, so let's just wait and see. After all, the true test is at $90,000 --- On the ETH side, the bullish view has the advantage, which is quite different from the recent atmosphere --- $1.87 billion in options settlement—this market is about to shake a bit --- Here we go again, every options expiration day starts the routine of cutting the leeks. We must hold the $90,000 level tightly --- The difference between puts and calls is just a little, so it doesn't mean much—just small gains or small losses --- ETH and BTC are cooling down and heating up respectively, which is quite interesting. The market sentiment is changing pretty fast --- The most annoying thing about options expiration is never being able to predict which side the whales will push the market

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