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%.