Apr 12, 2026 - Apr 14, 2026, the price of the '↑ 50 ETH' option plummeted from 41.5c to 29c. The reason was the continued depletion of liquidity in the blue-chip NFT market, causing bulls to lose confidence in a rebound to 50 ETH within the year and triggering heavy stop-loss selling.
Mar 30, 2026 - Mar 31, 2026, the price of the '↓ 20 ETH' option plummeted from 83.5c to 59.5c. The reason was a temporary stabilization or positive bounce in the NFT market, which triggered a stampede of short covering from overcrowded bearish expectations (dropping below 20 ETH), leading to a massive sentiment correction.
Mar 12, 2026 - Mar 13, 2026, the price of the '↓ 20 ETH' option surged from 37c to 56c. The reason was a sharp rebound driven by value buyers or whale support following a brief liquidity 'flash crash', correcting the overly bearish pricing.
Feb 25, 2026 - Feb 26, 2026, the price of the '↓ 20 ETH' option surged from 77.5c to 91.5c. The reason was intensified market panic following a brief consolidation, leading to heavy sell pressure on NFT floors and shifting the expectation of dropping below 20 ETH from 'highly likely' to 'imminent'.