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
CleanSpark Sells 553 BTC for $36.6M in February as Miners Dump Bitcoin
Bitcoin (CRYPTO: BTC) miners faced a dual dynamic in February: cash-flow optimization through asset sales alongside aggressive capacity expansion to support AI-enabled data-center workloads. CleanSpark reported selling 553 BTC from its February production for roughly $36.6 million while mining 568 B
CryptoBreaking2h ago
Ripple Expands Institutional Trading With Coinbase Derivatives BTC, ETH, SOL, and XRP Futures
Ripple added Coinbase BTC, ETH, XRP and SOL futures to Ripple Prime, its platform that cleared more than $3 trillion in 2025.
Trades are processed through Nodal Clear, giving institutions 24/7 access to CFTC-regulated crypto futures in the U.S.
Ripple has added Coinbase Derivatives’
CryptoNewsFlash3h ago
Bitcoin Slips to $68,000 as Middle East Conflict and US Jobs Data Trigger Sell-Off
Bitcoin surrendered its $70,000 support level, triggering a broader crypto market retreat that wiped out $329 million in leveraged positions. This downturn was fueled by a perfect storm of geopolitical and macroeconomic pressures.
Wiping out the ‘War Gains’
Bitcoin’s midweek resilience
Coinpedia4h ago
