Bitcoin, Ethereum Options Expire as Markets Brace for Impact

• Lyla Velez
• January 23, 2026
• Market
• 0 Comments

Market Impact Analysis

Options expiration significantly impacts market sentiment, as seen in past events. Immediate reactions in pricing can affect trading strategies and investor confidence.

Approximately $2.3 billion in options involving Bitcoin, Ethereum, and XRP are expiring on Deribit. The data indicates a neutral to bullish stance for BTC and ETH, with XRP showing bearish sentiment.

Key market participants include BTC, which holds the bulk of the notional value at nearly $1.8-$1.94 billion, ETH with $347-$435 million, and XRP with $3 million.

The expiration could lead to increased market volatility due to hedging activities and pinning effects, as the market strives to align closer to max pain levels.

No major public statements were made by crypto leaders or regulatory bodies. Market participants are closely watching the outcome, emphasizing that:

“Most information in the outlined news stems from analysis and data without attributing direct quotations to specific individuals or sources.”

Potential financial implications of the expiration include short-term volatility and adjustments in investor strategies. Longer-term impacts depend on how closely the pre-expiry pricing aligns with anticipated market movements.

Historical trends suggest options expiration events can drive prices towards calculated max pain levels. Data analysis shows a consistent pattern of market response, reflecting in volatility and trading volume changes.