February 13 News, Bitcoin options worth approximately $2.5 billion are expiring today, sparking heightened market attention on short-term price volatility. As of press time, Bitcoin is trading at $68,280, down 1.1% in the past 24 hours, with a weekly range between $64,760 and $71,450. Over the past 30 days, it has declined by about 30%, nearly halving from the October 2022 all-time high of $126,080.
Spot and derivatives activity are both cooling down. 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 fell to $44 billion, indicating that funds are mainly reducing positions rather than entering large new trades.
According to data from a derivatives platform, the current expiring options have a put/call ratio of 0.72, favoring call options, with maximum stop-loss prices concentrated around $74,000. Meanwhile, about $420 million worth of Ethereum options are also expiring during the same period, with a maximum stop-loss at $2,100. Expiration settlements often prompt market makers to adjust hedging positions, which can amplify short-term price swings, sometimes causing the market price to approach key stop-loss levels.
Technical analysis remains under pressure. The daily chart shows continued weakness, with prices below the 50-day and 200-day moving averages. The RSI is near 29, in oversold territory, but no clear reversal signals have appeared yet. Support levels are concentrated around $65,000 to $66,000, followed by the psychological level of $60,000; resistance is seen around $74,000 to $76,000. If the daily price can stabilize above this range, it may help ease downward pressure.
In the context of concentrated option expirations, Bitcoin’s short-term volatility may increase, but a trend reversal still requires stronger volume and structural confirmation.
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
Bitcoin Erases War Losses and Price Climbs Back to $68,000
_Bitcoin price recovers to $68,000 after war-driven crash as Iran confirms Supreme Leader Ali Khamenei killed in U.S.–Israeli strikes._
Bitcoin price rebounded sharply on March 1, 2026 after sudden geopolitical shocks shook global markets. Previously, tensions in the Middle East caused heavy
LiveBTCNews9m ago
The probability of predicting "Bitcoin falling to $50,000 this year" on Polymarket has dropped back to 62%
BlockBeats News, March 1st, Polymarket's prediction that "Bitcoin will fall to $50,000 this year" has decreased to 62%. Additionally, the probability of BTC rising to $80,000 within the year is currently 72%, and the probability of rising to $90,000 is currently 47%.
GateNews16m ago
The 20 millionth Bitcoin will be mined this month. When will the remaining 1 million be mined?
Bitcoin is about to reach the milestone of 20 million coins mined, but the actual circulating supply is reduced due to lost coins. The Bitcoin halving mechanism causes mining rewards to gradually decrease, and it is expected that all coins will be mined by 2140. Institutional investors are gradually holding large amounts of Bitcoin, reflecting its scarcity and market appeal. The future of Bitcoin remains full of challenges, especially regarding network security as rewards approach zero.
動區BlockTempo29m ago
Latam Insights: Brazil Introduces Crypto Tax Evasion Bill, El Salvador Finalizes New Bitcoin Diploma Program
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, a bill to criminalize crypto-linked foreign currency tax evasion surges in Brazil, El Salvador finalizes its Bitcoin Diploma 2.0 educational program, and Engie mulls
Coinpedia37m ago
Data: If BTC drops below $63,286, the total long liquidation strength on mainstream CEXs will reach $1.278 billion.
ChainCatcher reports that, according to Coinglass data, if BTC drops below $63,286, the total long liquidation strength on major CEXs will reach $1.278 billion. Conversely, if BTC breaks above $69,872, the total short liquidation strength on major CEXs will reach $899 million.
GateNews39m ago
Bitcoin Exchange Flows Remain Stable Despite Global Conflicts
Bitcoin ($BTC) has shown resilience amid geopolitical conflicts, demonstrating short-term inflow spikes during crises but stabilizing quickly thereafter. Despite volatility from events like the Russia-Ukraine war and Middle Eastern tensions, long-term trends suggest Bitcoin's durability as a hedge against risks.
BlockChainReporter45m ago
