There is no hope for the bear market to return to the bull marke

According to the Golden Finance report, on January 21, the price of Bitcoin plummeted today, and at the time of writing this article has fallen to $39,219.82, a 24-hour drop of 6.5%. Some analysis shows that this market decline may be caused by Deribit's put option with an execution price of $39,000. According to data, today Deribit's bitcoin options contracts worth about $538 million expire, and Deribit has the highest position in put options. quantity. In addition, the macroeconomic setback also weighed on the Bitcoin market, with the S&P 500 closing down 1.1% yesterday. The Nasdaq fell 1.3% over the same period. The Dow Jones fell 0.89%.