2026-01-09 11:30:58

This afternoon at 4:00 PM, Bitcoin and Ethereum options are set for concentrated settlement. The scale is significant — BTC options have a notional value of $1.87 billion, while ETH options amount to $395 million.

From market sentiment, the BTC put/call ratio is 1.07, indicating a slight dominance of bears, with the maximum pain point around $90,000. Ethereum is relatively more balanced, with a put/call ratio of 0.88, and the maximum pain point at $3,100. These data reveal differing market participants' expectations for the short-term trend, and large-scale settlements often become a tug-of-war for prices.

BTC0,5%

ETH0,75%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
5
Repost
Share

Comment

0/400

pumpamentalist

· 13h ago

The bears are gaining a small advantage. We need to fight hard around the 90,000 level.

View OriginalReply0

PonziWhisperer

· 01-09 11:58

Shorts around 90,000 are sharpening their blades. Just by looking at this ratio, you know there will be a good show today.

View OriginalReply0

degenwhisperer

· 01-09 11:56

90,000 again being hammered down, the bears are a bit rampant this time --- All the options are fake, and when the time comes, they will just be pulled arbitrarily --- ETH is so balanced... feels like the most trap, caught in the middle --- $1.87 billion, is that all? I thought it would be more exaggerated --- Every settlement is a tug-of-war, but retail investors still get cut, old story --- Setting the stage at 3100, just waiting for institutions to make their move

View OriginalReply0

MetaverseHomeless

· 01-09 11:54

Are the bears about to make a move? Can the key level of $90,000 hold? --- 1.87 billion USD in settlement, it depends on how the institutions play it --- It's another tug-of-war. This is when it's easiest to get cut. --- Is ETH actually more stable? Interesting, feels like 3100 might plunge. --- This settlement isn't simple; the short interest ratio is still rising. --- Looking at the divergence, we know there will be more volatility; no one can predict for sure. --- The moment of bulk settlement is truly a slaughterhouse, a nightmare for small investors. --- The short interest ratio is 1.07x. It's not extremely high, but still quite annoying. --- The $90,000 level is holding tightly; it feels like a breakdown is imminent.

View OriginalReply0

TokenTaxonomist

· 01-09 11:42

nah tbh the put/call ratios here are taxonomically interesting but statistically speaking the real action happens post-settlement... let me pull up my spreadsheet rq because 1.07 vs 0.88 suggests we're looking at a bifurcated ecosystem where btc bulls are basically an evolutionary dead-end rn

Reply0