Analysis: The crypto market currently lacks new capital inflows, so it's too early to talk about a bull market or a major rebound.

PANews reported on February 13th that, according to Greeks.live analysis, a total of 38,000 BTC options and 215,000 ETH options expired on February 13th. The BTC options put-call ratio was 0.71, with a maximum price threshold of $74,000 and a notional value of $2.5 billion; the ETH options put-call ratio was 0.82, with a maximum price threshold of $2,100 and a notional value of $410 million.

The crypto market continues its bleeding decline, with the biggest pain points falling rapidly. Today, options representing 9% of total open interest, totaling nearly $2.9 billion, expire. This week, implied volatility for Bitcoin and Ethereum has decreased, with BTC's main term IV at 50% and ETH's at 70%, indicating some easing of the price downtrend, but market confidence remains weak. In terms of trading volume, put options dominate, and after yesterday's further decline, some bargain hunting has begun. Looking at major options data, Skew has also rebounded, and commodities are seeing a significant increase in call options. The market remains in a bear market, but this most severe decline has likely ended. Currently, the crypto market lacks new capital inflows, and it's premature to discuss a bull market or a major rebound.