Fate-Deciding 4.66 Billion-Day in Bitcoin and Ethereum: Here are the Critical Prices! - Coin Bulletin

In the cryptocurrency market, the expiration of 59,000 Bitcoin (BTC) and 529,000 Ethereum (ETH) options today has increased volatility in the markets and caused panic among investors.

The cryptocurrency market has experienced sharp declines this week due to the collapse of the United States stock markets and security issues. In particular, the main cryptocurrencies lost value rapidly.

According to data from Greekslive, the Put Call Ratio of 59,000 BTC options had a (satım/call oranı) of 0.7, while the Maxpain point was $96,000 and the total market capitalization was $4.66 billion.

On the ETH side, the Put Call Ratio of 529,000 options is 0.52, the Maxpain point is $3,000 and the market value is recorded as $1.12 billion.

Maxpain refers to the price level at which buyers will incur the most losses in the options market. In other words, the closer the Bitcoin price is to $96,000 when the options expire, the more losses option investors will experience. For Ethereum, this level is calculated as $3,000. Major players in the market usually try to drive the price to these levels.

BTC & ETH Volatility Peaks

BTC's short-term volatility has reached **90%, while ETH's short-term volatility has exceeded 100%. This led to fear among investors, increasing selling pressure.

Analysts had stated at the beginning of this month that institutional investors saw February as a "quiet" period. Indeed, the market seems to be devoid of attractive investment opportunities and liquidity. In particular, large investors in the options market have been consistently selling short and medium-term call options for the past month, making gains in the market.

Investors are advised to be cautious during this period and pay attention to risk management. The high volatility in the market is expected to continue in the coming days.