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
Cracking down on 71% of illegal gambling! The UK Gambling Commission is considering using crypto payments to bring black market activities back into the compliant system
The UK Gambling Commission plans to explore crypto payments to combat illegal gambling activities and promote digital transformation. The commission is working with the Financial Conduct Authority (FCA) to implement a compliance framework by 2027, requiring operators to adhere to strict eligibility testing. This move aims to improve market efficiency, crack down on black markets, and protect consumers, establishing a safe and legal gambling environment.
CryptoCity2m ago
Samson Mow Sees Bitcoin Bearish Pressure Eroding as Strategy, Metaplanet, Fed Shift Market Dynamics
Bitcoin’s 2026 bearish window is rapidly closing as corporate treasury accumulation accelerates and macro tailwinds build, tightening supply and reinforcing institutional demand, according to Jan3 CEO Samson Mow.
Samson Mow Warns 2026 Bitcoin Bearish Window Is Closing
Jan3 CEO Samson Mow
Coinpedia14m ago
5 important US economic reports expected to shape Bitcoin market sentiment this week
Bitcoin enters the first quarter's critical week with trading prices around $66,000, slightly down amid fragile market sentiment, limited liquidity, and geopolitical pressures.
After several weeks of recording lower highs, along with the leading cryptocurrency trading at a lower level, the market remains cautious as investors await further developments.
TapChiBitcoin14m ago
Data: In the past 24 hours, the entire network has liquidated $329 million, with long positions liquidated at $126 million and short positions at $203 million.
ChainCatcher reports that, according to Coinglass data, the total liquidations across the entire network in the past 24 hours amounted to $329 million, with long positions liquidated at $126 million and short positions at $203 million. Among them, Bitcoin long positions liquidated at $43.108 million, Bitcoin short positions at $92.589 million, Ethereum long positions at $25.2206 million, and Ethereum short positions at $57.3733 million.
GateNews17m ago
VanEck CEO: Bitcoin is forming a bottom, showing signs of a positive rebound
VanEck CEO Jan Van Eck pointed out in an interview that the current crypto market is rebounding, but Bitcoin is still down over 50% from last year's highs. He mentioned Bitcoin's investment cycle and believes that we are currently in a bottoming phase, which is a good sign of recovery.
GateNews21m ago
10x Research: Short-term Bitcoin rebound still requires caution against bear trap risks
10x Research's latest analysis points out that Bitcoin needs to distinguish between short-term tactics and medium-term trends, recommending a comprehensive assessment of risk-reward ratio to avoid mistaking a rebound for a trend reversal. The report mentions using derivatives and other data to determine the nature of this round of movement and shares a 55% return in Circle's trading strategy.
GateNews24m ago
