🚨 Cryptocurrency market faces pressure amid the Christmas holidays and ETF outflows 📉
According to BlockBeats, analyst Adam from Greeks.live reported that major trading platforms in Europe and the United States will close for the holidays on December 23, leading to outflows from cryptocurrency funds.
The outflow of ETF funds, which are the main source of external financing for the cryptocurrency market, is exerting significant pressure compared to previous years, with increased market risk aversion.
Tightened financial conditions during the holidays could lead to a deleveraging event.
Nearly $12 billion in options are about to expire, representing over 40% of the current total open interest.
Large investors are actively adjusting their positions, creating opportunities for advantageous trades.
Although significant volatility is not expected during the holidays, the market is focused on the period around Trump's inauguration at the end of January, presenting a favorable opportunity for options buying.
