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
Goldman Sachs Files Bitcoin Income ETF Using Options Strategy
Goldman Sachs proposed a Bitcoin-focused income ETF that avoids direct Bitcoin holdings, using linked ETFs and options strategies for income. This filing reflects increased competition in the crypto investment space among major firms.
CryptoFrontNews6m ago
Bitcoin ETFs Record $663.9M Inflows, Strongest Day Since Mid-January
Bitcoin ETFs saw $663.9 million in inflows on April 18, indicating renewed institutional confidence and a shift in market sentiment. This trend suggests sustained interest in Bitcoin as investors seek to diversify their portfolios.
GateNews1h ago
Bitcoin Ownership Surpasses Gold Among Americans for the First Time
More Americans now own Bitcoin than gold, highlighting a significant shift in asset preferences as Bitcoin's popularity surges. U.S. entities dominate global Bitcoin holdings, and institutional adoption is accelerating, with major firms entering the market and legislation potentially enhancing Bitcoin's legal status.
GateNews1h ago
Bitcoin Price Outlook Shifts as Iran Toll Demand Revives $1M Target Talk
Iran Bitcoin toll revives debate on crypto as global payment infrastructure
Geopolitical tensions push Bitcoin beyond store-of-value into currency role
Institutional adoption and flows strengthen long-term million-dollar Bitcoin narratives
Bitcoin price outlook has shifted again after fr
CryptoNewsLand2h ago
MicroStrategy Proposes Semi-Monthly Dividends for STRC to Improve Liquidity and Stabilize Stock Price
MicroStrategy has proposed changing its STRC preferred stock dividends from monthly to semi-monthly to enhance liquidity and stabilize stock prices, maintaining an 11.5% annual yield. Concerns about this structure have been raised by Bitcoin critic Peter Schiff.
GateNews4h ago
Tim Draper-Linked Wallet Deposits 150.84 BTC to Major CEX, Facing ~$2.57M Loss
Tim Draper's wallet transferred 150.84 BTC, valued at $11.62 million, to a centralized exchange after a year of holding, leading to an estimated loss of $2.57 million.
GateNews4h ago
