The post Does Bitcoin’s 9% volatility surge signal more BTC downside? appeared on BitcoinEthereumNews.com.

Bitcoin’s [BTC] slips below $84,000 ahead of the option’s expiry, and the timing matters. Bitcoin’s price trends are lower on the daily chart, forming lower highs since October, which signals weakening momentum. Volume expands on sell-offs; therefore, sellers stay active. Source: Deribit/X Meanwhile, DVOL jumped about 9% to 41.6, at press time, reflecting rising demand for protection. This volatility spike aligns with expiry positioning rather than a deep structural break. Source: Deribit/X Still, the structure showed caution where the market failed to reclaim the $90,000 zone, and rebounds faded quickly. Market sentiment has shifted to a defensive stance instead of a panicked one. Overall, expiry pressure amplifies the dip, while the broader trend remains fragile. Options expiry pins price as cautious BTC trades sideways, ahead of the expiry on the 30th of January, and options data heightens near-term tension. At the time of writing, Total Notional Value stood at roughly $7.26 billion, underscoring the scale of capital clustered around this event. In the last 24 hours, BTC’s Put/Call ratio rose to 1.11, reflecting a short-term tilt toward downside protection. However, aggregate positioning still shows a lower 0.44 put/call ratio, meaning calls dominate overall open interest. Source: Deribit This split signals caution rather than capitulation. Traders hedge near-term risk while maintaining broader upside exposure. Meanwhile, max pain sits at $90,000, reinforcing its role as a price magnet, as spot continues to stall just below it. As expiry approaches, positioning could either pin BTC near this level or amplify sharp, hedge-driven volatility around key strikes. Ethereum [ETH] mirrors the caution but with softer conviction. Total options notional stands near $1.17 billion, confirming sizable capital clustered around key strikes. Source: Deribit In the past 24 hours, ETH’s Put/Call Ratio climbed to 1.38, at press time, signaling elevated demand for downside protection. However, broader…

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Filed under: News - @ January 30, 2026 10:28 pm