Bitcoin is likely to continue losing in the fourth month as well.

Recent Developments in Bitcoin

Bitcoin is trading around $87,000 and is heading toward a negative closure for the fourth consecutive month. This situation is notable as it hasn't been seen since 2018.

Activity in the Options Market

The options expiration on January 30 is expected to close with a nominal value of approximately $8.5 billion on the Deribit platform. Notably, there has been significant interest in $100,000 call options. Additionally, the maximum pain level is positioned around $90,000.