This morning, the Crypto Assets market experienced a thrilling and intense Fluctuation. The Bitcoin price plummeted sharply from $112,000 to $108,000 in just one hour, hitting a low of $107,800, marking the largest single-day fall of the month. This sudden price big dump has sparked widespread discussion and concern within the crypto community.

Investors have expressed their anxiety and confusion on various social media platforms. One investor shared that his account had a floating profit of $12,000 at 2 AM, but by 3:30 AM, it had lost all of his principal, describing this market condition as more thrilling than a roller coaster.

Market analysts generally believe that $110,000 is a key support level. Many experienced traders warn that if Bitcoin cannot close above $110,000 by the end of the day, the market may further drop to $105,000 or even $100,000. Data from exchanges shows that the buying volume below $110,000 has decreased by 35% compared to the previous day, indicating that the support from large funds is weakening.

This extreme market fluctuation has also put tremendous pressure on options traders. One trader shared his experience: at 2 a.m., he held a short put option with a strike price of $108,000, which was down as much as 92%, nearly going to zero. However, with the big dump at 3 a.m., the intrinsic value of the option suddenly soared, and the loss quickly narrowed to 10%. This trader stated that such intense fluctuations are even crazier than using 5x leverage, leaving one feeling exhausted.

The sudden market turmoil this time once again reminds investors of the high fluctuation and unpredictability of the crypto assets market. In such a market environment, investors need to remain calm, manage risks effectively, and avoid excessive leverage to cope with possible drastic price fluctuations. At the same time, this also highlights the importance of conducting more in-depth research and analysis of the crypto assets market in order to better understand and predict market trends.