[Deribit: Cryptocurrency options trading activity suppresses Bitcoin price around $90,000] According to Cointelegraph, cryptocurrency options exchange Deribit pointed out that Bitcoin's recent price has been suppressed around $90,000, primarily due to a large number of open interest in options concentrated near the current strike price, especially ahead of the massive expiration date on January 30. This indicates that market risk exposure is being constructed mainly through options rather than high-leverage futures, with traders using hedging and structured strategies to manage risk. Deribit analysis suggests that high options trading volume (especially short-term put options) indicates that capital remains in the market, but risk control has become stricter. Short-term price movements are driven more by position structures rather than external news. Since mid-November, Bitcoin has been fluctuating within the $85,000 to $95,000 range. This Friday will see the expiration of Bitcoin monthly options with a notional value of approximately $8.4 billion, a put/call ratio of 0.54, a maximum pain point at $90,000, and the highest concentration of open interest near the $100,000 strike price.