According to BlockBeats, on December 27, Greeks.Live analyst Adam posted on social media that 150,000 BTC options expired today, with a Put Call Ratio of 0.69, a maximum pain point of $85,000, and a nominal value of $14.17 billion.
In addition, there are 1.12 million ETH options expiring today, with a Put Call Ratio of 0.41, a maximum pain point of $3,000, and a notional value of $3.74 billion.
Adam said that today is the annual delivery, and the last delivery of this year has 18 billion US dollars of options expiring. The theme of this week is still adjustment. Because of Christmas and annual delivery, the overall market heat is low.
In 2024, Bitcoin has more than doubled its returns, especially with the year-end rally since November, which has made the entire market very optimistic about 2025. In January next year, after Trump takes office, he will be the most crypto-friendly president in history. At the same time, crypto supporter Musk will also have greater influence, whether it's the deeper integration of mainstream finance with crypto or the U.S. government and major corporations reserving Bitcoin, all of which will bring a huge positive impact to the entire cryptocurrency market.
According to past experiences in bull markets, the next few months will see a rotation among sectors in the bull market. I hope for more innovative products to drive the entire cryptocurrency market's bull market, as this wealth effect will be significantly stronger than the current mainstream coins' bull market.
