Bitcoin and Altcoins Face $2.6 Billion Options Swing Amidst Sharp Decline

Bitcoin and altcoins are experiencing a sharp decline, with Bitcoin at $60,000 and Ethereum and other altcoins also falling. Approximately $2.6 billion worth of crypto options will expire on Deribit on February 6th, with $2.15 billion worth of Bitcoin and $408 million worth of Ethereum options expiring. The put/call ratio for BTC options is 1.42, and the maximum loss point is $82,000, while for ETH options it is 1.13 and the maximum stop-loss point is $2,550.