Bitcoin price risks a massive fall today if it breaches the 22,000 level. BTC options with $1.8 billion value expire, with a Put/Call ratio of 0.66 and the max pain at $22,000. Similarly, Ethereum price could also tumble as ETH options with a relatively small $863 notional value expire, with max pain at $1600.

Amid the major liquidation risk today, whales have moved over 10,000 BTC. Whales Alert on February 24 revealed two transactions with 5000 BTC each moved to a different wallet. The platform also reported 1037 BTC, 999 BTC, and 2046 BTC moved by whales.

Bitcoin price currently trades at $23,858, down nearly 1% in 24hrs. The 24-hour low and high for BTC price are $23,693 and $24,177, respectively.

(By Varinder Singh)

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