Bitcoin $10.8B options expire Jan. 30; bears stay ahead unless price clears $90K

On Jan. 30, $10.8 billion in Bitcoin options are set to expire, with positioning favoring bearish outcomes unless spot rises above $90,000. Deribit data show $6.6 billion in calls versus $4.2 billion in puts, while venue share stands at 78.7% for Deribit, 6.3% for OKX and 5% for CME. Scenario modeling indicates bears retain an edge below $90,000.