BlockBeats News, February 6 — Greeks.live posted on social media that "On February 6, the options expiration data shows: 33,000 BTC options are expiring, with a Put Call Ratio of 0.54, a maximum pain point at $80,000, and a notional value of $2.1 billion. Additionally, 219,000 ETH options are expiring, with a Put Call Ratio of 0.91, a maximum pain point at $2,400, and a notional value of $420 million.
The crypto market has experienced a bloodbath, with BTC briefly dropping below $60,000 and ETH briefly falling below $1,750 today. Today, options representing 10% of total holdings are expiring, totaling nearly $2.6 billion. The sharp decline in Bitcoin and Ethereum prices continues, with put options dominating the market. The fear index once dropped to 5%, and panic has once again engulfed the crypto market.
Looking at the main options data, the implied volatility (IV) for BTC and ETH has risen significantly. The main-term IV for BTC exceeds 60%, with several short-term at-the-money IV over 110%. ETH’s main-term IV is at 80%, with multiple short-term at-the-money IV over 120%, all reaching the highest levels in over a year. This week, the volume and proportion of large block trades in put options remain high. Market makers are actively taking on put demand, showing strong willingness to trade. The brief bottom-fishing attempts are overwhelmed by the downward wave."
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A newly created wallet has withdrawn Bitcoin worth 22.16 million USD from the exchange.
ChainCatcher Message: According to market reports, a newly created wallet withdrew 304.55 Bitcoins from an exchange, worth approximately $22.16 million.
GateNews6m ago
4 Bitcoin Charts Show BTC Price Forming a Bottom
Bitcoin has cooled from its all-time high and is tracing a defined range, yet several technical signals point to a potential bottom and a renewed ascent. The asset remains roughly 42% below its peak of around $126,000, with price action compressing in the $60,000 to $72,000 zone. After a dip to $60,
CryptoBreaking6m ago
Bitcoin Just Flipped the Script – $96K Coming FAST
Crypto analyst Lark Davis predicts Bitcoin could rally to $89K-$96K if it closes above $70K weekly. Key indicators, including Fibonacci retracement, moving averages, and historical resistance, suggest bullish momentum, though traders remain cautious.
Coinfomania8m ago
Three Bitcoin Signals Point to $80K as Next BTC Target for Bulls
Bitcoin (CRYPTO: BTC) bulls are targeting a move back toward $80,000 in March, supported by a technical setup that has begun to show meaningful upside momentum. After a rally that pushed BTC above key levels, the asset retraced and then re-accelerated, signaling that demand is re-emerging as
CryptoBreaking11m ago
Bitcoin Miners Sell Holdings as AI Pivot Accelerates
Major bitcoin mining companies are increasingly selling portions of their BTC reserves as they pivot toward artificial intelligence (AI) infrastructure. The shift highlights how miners are chasing more predictable revenues from AI data centers amid volatile mining margins.
Crypto Miners Shift
Coinpedia19m ago
Bitcoin Miners Accelerate BTC Sales as Industry Pivots Toward AI Data Centers
_Major Bitcoin miners are selling BTC reserves as shrinking mining margins push firms to fund AI data centers and HPC projects._
Bitcoin’s steep decline since October is forcing major mining companies to shift. Several firms with large Bitcoin reserves have begun selling coins more quickly.
LiveBTCNews21m ago
