Analysis: Currently, the crypto market lacks incremental funds, and it is premature to talk about a bull market or a major rebound.

BTC0,93%
ETH0,36%

PANews February 13 News, according to Greeks.live analysis, a total of 38,000 BTC options and 215,000 ETH options are expiring on February 13. The BTC options Put-Call Ratio is 0.71, with a maximum pain point of $74,000 and a notional value of $2.5 billion; ETH options Put-Call Ratio is 0.82, with a maximum pain point of $2,100 and a notional value of $410 million.
The crypto market continues to bleed and decline, with the fastest drop at the maximum pain point. Today, options accounting for 9% of total open interest are expiring, totaling nearly $2.9 billion. This week, implied volatility for Bitcoin and Ethereum has decreased, with BTC’s main-term IV around 50% and ETH’s main-term IV around 70%. The downward price trend has eased somewhat, but market confidence remains insufficient.
In terms of trading volume, put options dominate, but after the recent decline yesterday, some bottom-fishing activity has begun to appear. From the main options data, skew has rebounded, and there is an increase in bullish options. The market is still in a bear phase, but this most intense decline has come to an end. Currently, the crypto market lacks inflow of new capital, and it is premature to talk about a bull market or a major rebound.

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