Greeks.live: The bullish force in the spot bull market is stable and the market sentiment is very optimistic

Greeks.live macro researcher Adam published an analysis pointing out that 98,000 BTC options expired, with a Put Call Ratio of 0.84, a maximum pain point of $80,000, and a nominal value of $9.48 billion; 412,000 ETH options expired, with a Put Call Ratio of 0.75, a maximum pain point of $2,900, and a nominal value of $1.47 billion.
Bitcoin was blocked from hitting $100,000. ETH led the market this week, and altcoins rebounded. The risks that may be brought about by the end of BTC's leading rise were taken by ETH, and the bullish power of the spot bull market was stable.
More than 20% of positions expire this week, and next month is the year-end options, when 40% of positions will expire. A large number of positions will be transferred and the Christmas market will put pressure on implied volatility. The market atmosphere is very optimistic now, and institutions are worried about repeating the end of 2020 market, so the options market appears to be more cautious.