The Bhutanese government sells another $6.7 million worth of BTC again

$2.5 billion in options are expiring simultaneously, Bitcoin fluctuates around $68,000, and $74,000 becomes the dividing line between bullish and bearish sentiment.

February 13 News, Bitcoin options worth approximately $2.5 billion are set to expire today, sparking significant market attention on short-term price fluctuations. As of press time, Bitcoin is trading at $68,280, down 1.1% in the past 24 hours, with a range of $64,760 to $71,450 over the past 7 days. The price has fallen about 30% in the last 30 days, nearly halving from the all-time high of $126,080 in October last year. Spot and derivatives activity are cooling simultaneously. In the past 24 hours, Bitcoin trading volume was approximately $47 billion, down 11% from the previous day. Futures market trading volume dropped to $63 billion, an 18% decrease week-over-week, while open interest declined to $44 billion, indicating that funds are mainly reducing positions rather than entering large-scale trades.

Matrixport: Price breaks below key level, market has entered confirmed bear market stage

Bitcoin price has fallen below a key level, confirming a downward trend. Market discussions are shifting to the next investment window. Analysts predict the bull market top could reach $125,000, and the current market has entered a bear market phase.

Matrixport: The market has entered the bear market confirmation stage. Investors should now focus more on "when the next more worthwhile allocation window will arrive."

Matrixport posted on the X platform that Bitcoin's price recently broke below a key level, confirming a downward trend. Investors are shifting their focus to the next investment window. The bullish momentum of Bitcoin is waning, and the market has entered the bear market confirmation stage.