$BTC

*Today in the cryptocurrency market*

We witnessed a sharp decline in most major currencies. Bitcoin dropped to around *$90,720* after being above *$110,000* just a few days ago, while Ethereum rose slightly to *$2,989*. ¹ The total market index lost about *3%* of its value, reaching *$3.86 trillion*. ²

*Main Reasons*

- *The expiration of Bitcoin options worth $11.8 billion* on Deribit, which increased selling pressure.

- *A large sell-off by a dormant whale* that disposed of 24,000 Bitcoins (≈$2.7 billion), igniting a wide-ranging liquidation wave.

- *A significant liquidation* exceeded *$900 million* in the past 24 hours, with more than *$150 billion* liquidated in some reports. ³ ⁴

*Was the crash intentional?*

There are differing views:

- Some analysts point out that the large sell-offs by whales and the sudden expiration of Bitcoin options could be *orchestrated* to exploit price volatility.

- Meanwhile, others believe that the market was *overbought* and that the correction was natural after significant rises, with no conclusive evidence of organized intervention.

In summary, a sharp crash occurred today driven by significant selling pressures and the expiration of options contracts, but whether it was “intentional” remains a topic of debate among traders and analysts.