Massive $2.2B Bitcoin, Ethereum Options Expiry Looms

• Lyla Velez
• January 8, 2026
• News
• 0 Comments

Bitcoin and Ethereum face $2.2B options expiry on Deribit amid potential Trump-era tariff ruling.

Bitcoin and Ethereum options totaling $2.2 billion are set to expire on Deribit, coinciding with a pending ruling on Trump-era tariffs by the U.S. Supreme Court.

The simultaneous expiration of massive options and a significant legal ruling may influence short-term market dynamics and derivative positions.

Deribit is preparing for the expiration of approximately $2.2B in Bitcoin and Ethereum options, potentially affecting market prices. Simultaneously, a Supreme Court decision on Trump-era tariffs looms, adding economic uncertainties. Traders are closely monitoring these developments.

Involved are key players in crypto derivatives, including Deribit and analytic providers like Laevitas. The U.S. Supreme Court is assessing presidential authority over tariffs, a decision that could impact trader sentiment and market conditions. Donald Trump’s policies remain at the center, awaiting court evaluation.

Market participants anticipate possible impacts on Bitcoin and Ethereum pricing and derivative positioning. Heavy put open interest suggests a cautious stance, while calls indicate potential upside. The court ruling might create additional market volatility depending on its outcome. According to John Jansen, Co-founder, Deribit, “We confirm large clustered BTC/ETH expiries, highlighting the close relationship between options expiry and price action.” – Deribit Insights

Financial implications include derivatives exposure without external funding. Potential court decisions may redirect industry strategies. Bitcoin’s options, centered around $90k, and Ethereum’s, at $3.1k, highlight market makers’ focus, with price fluctuations possible upon expiry.

Deribit’s leading position in options trading pointing to $2.2B expiries, illustrates sector growth. Historical events show similar expiries often result in volatility spikes and market adjustments, reflecting both financial and regulatory contexts.

As stakeholders await the court’s decision, financial markets brace for changes in Bitcoin and Ethereum’s immediate futures. A review of past trends suggests continued monitoring of technology sector impacts and regulatory changes, crucial for navigating outcomes effectively.