Cryptocurrency Market Crash Warning! Bitcoin Plummets, Ethereum Can't Hold Up, $540 Million Options Ignite Panic!

In the past week, the cryptocurrency market has once again plunged into turmoil. Both Bitcoin and Ethereum have fallen sharply, market sentiment has turned negative, and the fear index has soared to a new high in nearly two months. Just when investors thought the "bad news had run its course," a bigger storm is approaching.

According to BeInCrypto, this week, over $540 million in BTC and ETH options are set to expire, which could become the "trigger point" for the next round of market volatility. At the same time, ETF funds continue to flow out, with $2.6 billion withdrawn from BTC and ETH funds in the past seven days. Institutional funds are retreating, retail investor sentiment is in panic, and the support for the entire market is precarious.

Currently, Bitcoin is hovering in the $101,000–$102,000 range, facing dual pressure from the Federal Reserve's continued hawkish stance and the strong rebound of the dollar, showing significantly insufficient rebound momentum in the short term. Ethereum is also under pressure, with its on-chain activity declining and capital inflows sharply reducing, leading to a cautious market expectation.

Analysts point out: "The market has entered a high-leverage liquidation zone, and any slight disturbance could trigger a chain reaction of liquidations." From a technical perspective, if BTC loses the $100,000 level, it may further test $95,000; while if ETH falls below the $2,700 support, it may face a deep adjustment.

However, it is worth noting that whenever the cryptocurrency market falls into extreme panic, it often signifies the approach of a short-term bottom. Institutions and whale accounts have begun to buy in on a small scale, and on-chain data shows that some long-term holders are taking advantage of the low prices.

The current market is at a "watershed moment": is it the final shuffle before a new bull market, or the prelude to a comprehensive collapse? The next 48 hours will determine everything. $BTC