Amid the ongoing decline in the cryptocurrency market, investors' attention to the price volatility of major cryptocurrencies led by Bitcoin is increasing.
Bitcoin: Support Level Breakdown Could Lead to Further Adjustment
Currently, Bitcoin (BTC) is trading at approximately 13,133,000 KRW, down 1.19% in the past 24 hours. Analysts indicate that if the key support level at 13,000,000 KRW is breached, the next support is expected around 12,500,000 KRW, with a mid-term possibility of dropping to the range of 11,700,000 to 12,400,000 KRW.
Monitoring Market Volatility Triggered by December BTC Options Expiry
Market participants are closely watching the upcoming Bitcoin options expiry in December, worth approximately 34 trillion KRW. This event is one of the factors that could intensify short-term price volatility, with leveraged positions and long-term holders' moves expected to influence price trends.
Ethereum, Ripple, Solana