Bitcoin's options market faces a critical moment on January 30th, with $8.27 billion in contracts set to expire—marking the year's most substantial expiry event. The positioning tells an interesting story: call options are heavily clustered around the $100K level, while put options concentrate in the $65-80K zone. Based on current data, the max pain point sits at $90K, suggesting significant price movement pressure around this key threshold. For traders watching Bitcoin's near-term direction, these concentration points warrant close attention. Such large expiries typically create volatility as options holders adjust positions, and the gap between bullish and bearish bets highlights market participants' conflicting views on whether Bitcoin sustains its current momentum or faces pullback pressure.