PANews reported on January 26 that according to Deribit data, $7.8 billion worth of Bitcoin options will expire at the end of this month, of which about $6 billion of open contracts will be "out of the money" when the contracts expire at 08:00 (UTC) on January 31. The biggest pain point is about $98,000.
Related reading: OSL trading time: $7.8 billion in options are about to expire, and the BTC long-short game intensifies