Deribit: Crypto options trading activity keeps Bitcoin's price hovering around $90,000.

PANews reported on January 29th, citing Cointelegraph, that cryptocurrency options exchange Deribit pointed out that Bitcoin's recent price has been suppressed around $90,000, primarily due to a large number of open options contracts concentrated near the current strike price, especially ahead of the large expiration date of January 30th. This means that market risk exposure is mainly constructed through options rather than highly leveraged futures, and traders are using hedging and structured strategies to manage risk.

Deribit analysis suggests that high options trading volume (especially short-term put options) indicates that capital remains in the market, but risk control is more stringent, and short-term price action is driven more by position structure than external news. Bitcoin has been fluctuating between $85,000 and $95,000 since mid-November. This Friday, monthly Bitcoin options with a notional value of approximately $8.4 billion will expire, with a put/call ratio of 0.54. The biggest resistance level is at $90,000, while the most open interest is concentrated around the $100,000 strike price.