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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Cryptocurrency Asset Overview
BTC (+0.14% | Current Price: 65,495 USDT)
BTC has continued its weak sideways movement over the past 24 hours. After multiple failed rebounds, it accelerated downward, with the low retreating to around $65,230. It then slightly stabilized and recovered, currently trading within a narrow range of $65,400–$65,600. Overall, the rebound momentum is insufficient, and market sentiment remains cautious. Technically, the short-term moving averages are turning downward, with MA5 and MA10 crossing below and suppressing the price. MA30 is still in a downtrend, indicating a short-term weak pattern. The key support levels are at $65,200–$65,000; if broken, further testing of lower levels is possible. Resistance is at the $66,200–$66,500 range. Until this area is reclaimed, the trend is likely to remain weak and oscillate sideways.
ETH
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