About the Bitcoin Options Expiration on December 27
Hello everyone, I am Yudong
Today, Bitcoin has adjusted again. Currently, the only negative news seems to be the $11.8 billion options set to expire tomorrow. This could lead to the largest market movement in recent times. This adjustment does not change the overall bullish trend of Bitcoin, but short-term volatility may be very intense.
From the current options expiration data, there is a possibility that Bitcoin's price could rise to $115,000 (an increase of 20%), or it could fall to $81,000 (a decrease of 16%). The battle between bulls and bears is fierce, with a bullish to bearish ratio of 0.69, and there are not many bears.
In addition to the options expiration itself, the market's implied volatility is also conveying a clear signal: short-term drastic fluctuations are inevitable. The volatility for the next 7 days has reached 63%, while the 30-day volatility remains around 55%. This means that whether you are a spot trader or a contract expert, these days are crucial turning points.
In terms of market movements, if Bitcoin can stabilize around $97,000, or break through the $100,000 mark, there could be a surge. However, if it falls below $94,000, one should be cautious of further declines.
Finally, I remind everyone to pay attention to risk management in the coming days! A major market movement may imply opportunities, but it also means risks. Remember—over the next few days, it will either be a big gain or a significant loss, so keep a steady mindset and avoid chasing highs and selling lows!