Today, the cryptocurrency market is experiencing the March options expiration. According to the latest data, Bitcoin is trading at approximately $71,192, and Ethereum at around $2,086, with a 24-hour increase of about 0.64%. This expiration involves 184,000 Ethereum options with a notional value of approximately $380 million. The put/call ratio is 0.85, with the maximum pain point at $1,950.

Derivatives market data shows that in the past 24 hours, the entire network experienced liquidations totaling $252 million, including $170 million in long positions and $81.77 million in short positions. Ethereum long positions liquidated at $36.45 million, and shorts at $22.63 million, indicating intense betting between bulls and bears before the options expiration. Analysts point out that options market data shows selling call options has become the mainstream trading activity recently, despite a rebound in prices, the momentum has slowed.

Key Points

· Price Performance: ETH at $2,086, up 0.64% in 24 hours, options expiration day remains stable.
· Expiration Data: 184,000 options expiring, maximum pain at $1,950, with a notional value of $380 million.
· Liquidation Dynamics: $252 million liquidated across the network in 24 hours, with both long and short ETH positions liquidated.
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