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AuspiciousSnowHeralds
· 1h ago
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AuspiciousSnowHeralds
· 1h ago
Matrixport: Options No Longer Dominate Price Movements, Market Positions Shift to Caution
Golden Finance reports that Matrixport released a chart today indicating that over the past two years, the increase in Bitcoin and Ethereum options trading activity has been a key driver of market performance. However, recently, the influence of options on prices has noticeably weakened.
Ethereum options exposure peaked in August 2025, while Bitcoin options exposure reached its peak in October 2025. Since then, options-related positions in both markets have significantly declined, with deleveraging continuing to advance, and the impact of options on spot price volatility has also decreased accordingly. This change reflects that some funds have slowed their short-term entry pace, and new positions are more selectively allocated. The nominal Bitcoin options exposure has decreased from approximately $52 billion to about $28 billion.
Although many traders still express bullish expectations for the market by buying call options, Ethereum's position structure shows different characteristics: previously, long futures positions were often hedged with put options, but now these hedging combinations are gradually being unwound, and deleveraging is still ongoing.
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AuspiciousSnowHeralds
· 3h ago
Trader uses 20x leverage to short BTC, ETH, and SOL
According to Lookonchain monitoring, the trader who previously profited $24.5 million by selling 255 BTC has now switched to shorting and opened a 20x leveraged short position, involving 464.28 BTC( worth $44.1 million), 6606.66 ETH( worth $22 million), and 54281 SOL( worth $7.8 million
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AuspiciousSnowHeralds
· 3h ago
As long as it hasn't fallen below 94,500, it indicates that the main force hasn't given up and is pushing towards 97,000.
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AuspiciousSnowHeralds
· 3h ago
It is very likely to push again before 97,000 tonight based on the news, then come down again.
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AuspiciousSnowHeralds
· 3h ago
Positive expectations; if there's a bearish pullback tonight, it could be a good opportunity to buy the dip.
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AuspiciousSnowHeralds
· 3h ago
Bitcoin has already liquidated the shorts. Tonight, it is likely to follow the US stock market and other Trump tariff rulings.
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AuspiciousSnowHeralds
· 3h ago
The options market believes that a Trump victory would be more beneficial for the US stock market!
Good afternoon, everyone! Market analysis! Thank you all for your support!