According to TechFlow, on December 20, Greeks.live analyst Adam wrote that this week, BTC entered a correction after failing to hit $110,000. This was a cleanup of the more aggressive leveraged longs after stabilizing at $100,000. At the same time, the adjustment of altcoins has lasted for nearly a month. According to the experience of previous bull markets, a major correction of Bitcoin will usher in a altcoin season, but the intensity of Bitcoin's correction is still uncertain.

As Christmas and annual delivery approach, ETF funds have begun to flow out significantly, and market makers continue to adjust their positions. Recently, the proportion of large call options transactions is high, with an average daily share of more than 30%. More than 40% of options will expire at the end of the year, and the large amount of margin released is likely to drive the implied volatility down. The cost-effectiveness of buying options in the next week will be very high.