Bitcoin News: $1.8 Billion Bitcoin Options Expiry and Market Impact

As Bitcoin options worth $1.8 billion are set to expire, market participants are closely watching for potential impacts on the cryptocurrency's price. This article explores the details of the expiry event and its implications for Bitcoin's market trajectory.

Will Markets Keep Falling When $1.8B Bitcoin Options Expire?

Approximately 19,300 Bitcoin options contracts will expire on Friday, Jan. 10, with a notional value of around $1.8 billion. This week’s expiry event is very similar to last week’s, which did not have any direct impact on spot markets. Bitcoin has been in retreat for the past few days following its latest foray into six-figure territory. This week’s tranche of Bitcoin options contracts has a put/call ratio of 0.65, indicating more long (call) contracts expiring than short (put) contract sellers. Open interest is highest at the $120,000 strike price, with $1.48 billion in OI, according to Deribit. There is also over $1 billion in OI at the $100,000 and $110,000 strike prices, with speculators remaining relatively bullish.

Top 3 Cryptocurrencies You Should Watch This Weekend

The cryptocurrency market continues its downward trajectory. Bitcoin (BTC) is hovering below $94,000, and the global crypto market cap has dipped 2.5% in the last 24 hours to $3.41 trillion. The current market dip is the second correction in the last month-and-a-half. The crypto market faced a correction in December 2024 after inflation figures in the US increased to 2.7%. The Federal Reserve consequently took a hawkish stance with its monetary policy to combat rising inflation. The central bank announced only two interest rate cuts in 2025 instead of three. The development may have spooked cryptocurrency investors. The latest cryptocurrency market correction came after US jobs data was better than expected. The development may push back hopes for an early interest rate cut.

Shift in Bitcoin Power: U.S. Entities Surpass Offshore Holdings by 65%

Bitcoin holdings show a major change as U.S.-based entities now control 65% more Bitcoin than offshore groups. This shift indicates increased institutional demand and clearer regulatory frameworks in the American market. The change is affecting BTC market volatility and global trading patterns. Data from CryptoQuant reveals that U.S. entities' Bitcoin reserves grew from 1.24 times offshore holdings in September 2024 to 1.66 times in December 2024. This marks a significant shift in the crypto markets, with U.S. entities leading global Bitcoin holdings.

Bitcoin (BTC) Supply Shock Unlikely in 2025: Here’s Why

Despite increasing institutional interest and the introduction of spot BTC ETFs in the US, a new report by CEX.IO suggests that a Bitcoin supply shock is unlikely in 2025. The report highlights the role of long-term holder (LTH) activity, ETF activity, and evolving liquidity trends in maintaining a robust supply ecosystem capable of mitigating potential shocks. This analysis challenges the speculation of extraordinary price growth and disruption of Bitcoin's 4-year cycle theory.

CleanSpark Now Holds 10,000 Bitcoin, Becomes Fourth BTC Miner to Hit the Milestone

CleanSpark has achieved a significant milestone by holding 10,000 Bitcoin, making it the fourth BTC miner to reach this level. The company's Bitcoin-denominated treasury has seen a remarkable 236% year-over-year increase. CleanSpark's CEO, Zach Bradford, attributed this achievement to the company's efficient scaling and responsible growth. All 10,097 BTC in CleanSpark's treasury were mined in the United States, supported by American energy and jobs, highlighting the company's commitment to sustainable growth and innovation in the global Bitcoin ecosystem.