TechFlow News, January 30: According to Greeks.live data, January 30 marks the first monthly options expiry date following the annual expiry. Approximately 25% of total open interest expires today, with a notional value nearing $9 billion. Specifically:
- BTC options: 91,000 contracts expiring; Put/Call Ratio = 0.48; Max Pain = $90,000; Notional value = $7.6 billion
- ETH options: 435,000 contracts expiring; Put/Call Ratio = 0.68; Max Pain = $3,000; Notional value = $1.19 billion
In the market, BTC and ETH prices have declined sharply in recent days, reigniting panic sentiment. Strong support levels are observed at $80,000 for BTC and $2,500 for ETH. Implied volatility has risen significantly: BTC’s primary-term IV stands at ~45%, while ETH’s is ~60%—both at their highest levels this year.
Large-block options trading volume and its share of total trading volume remain elevated, primarily driven by rollover demand; downside protection remains the dominant market requirement.
