Odaily Planet Daily reports that Greeks.live posted on the X platform that 38,000 BTC options have been settled, with a Put-Call Ratio of 0.71. The maximum pain point is $74,000, with a notional value of $2.5 billion. Additionally, 215,000 ETH options have been settled, with a Put-Call Ratio of 0.82. The maximum pain point is $2,100, with a notional value of $410 million.
The crypto market continues to decline, with the maximum pain point dropping rapidly. Today’s options settlement accounts for 9% of the total open interest, with a total value of nearly $2.9 billion. Implied volatility for Bitcoin and Ethereum has decreased this week, with BTC’s main-term IV dropping to 50% and ETH’s to 70%. Although the downward price trend has slowed, market confidence remains weak.
From trading activity, put options dominate. After the market declined again yesterday, some bottom-fishing behavior has begun to appear. Key options indicators show that skew is rebounding, and the proportion of call options in block trades is increasing.
The market remains in a bearish phase, but the most severe decline has ended. Currently, the crypto market lacks incremental capital, and it is too early to discuss a bull market or a significant rebound.
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
Bitcoin Tops $69K as CPI Slows, Fed Rate-Cut Odds Stay Low
Bitcoin (CRYPTO: BTC) kicked off Friday’s session with a modest smile, boosted by a softer-than-expected January CPI print that renewed appetite for risk assets. Traders priced in cooler inflation while keeping a wary eye on the path of policy, with the largest cryptocurrency carving a path toward n
CryptoBreaking42m ago
Ethereum/Bitcoin Pair At Critical Level: Low Volatility Signals Tension Ahead of Potential Breakdown
Ethereum is in a critical stage against Bitcoin, and market analysts are indicating decreasing relative strength and expecting a breakdown if weakness persists. The ETH/BTC market has been moving downward over the past few weeks, and it has not been in a position to regain the vital resistance
BlockChainReporter1h ago
Bitcoin (BTC) Price Analysis for February 13 - U.Today
On the last working day of the week, the market is mainly rising, according to CoinStats.
Top coins by CoinStats BTC/USD
The price of Bitcoin (BTC) has gone up by 1% since yesterday.
