Greeks.live macro researcher Adam pointed out in a post on platform X that as Europe and the United States enter the Christmas holiday, traditional markets are closed, but the cryptocurrency market, driven by Bitcoin, has seen a noticeable increase. Due to poor liquidity during the holiday, the market requires less momentum for fluctuations. In terms of options, short-term implied volatility continues to decline, and the market makers are nearing the end of their position adjustments, with expectations that volatility will stabilize before the end of the year. Currently, the maximum pain point for BTC is $84,000, and for ETH, it is $3,000, but the annual maximum pain point may be invalidated, which is similar to previous years.