Odaily Planet Daily reported that Adam, a researcher at Greeks.live, stated on the X platform that 21,000 BTC options are expiring today, with a Put Call Ratio of 0.83, a maximum pain point of $98,000, and a nominal value of $2.1 billion. 164,000 ETH options are expiring today, with a Put Call Ratio of 0.68, a maximum pain point of $3,700, and a nominal value of $640 million. This week's market is primarily characterized by adjustment; unlike last week, Bitcoin's adjustment has been relatively small while altcoins have seen a stronger adjustment. As Christmas and annual settlements approach, market makers are beginning to adjust their positions, and the recent trading volume of large bullish options has been relatively high, averaging over 30%. In previous years, trading activity in Europe and the U.S. during Christmas has noticeably decreased, but this year, the influence of U.S. stocks on crypto seems to be rising, which may make this phenomenon more pronounced. The options market data over the past two weeks has consistently shown that market makers are being cautious, with significant volatility leading to a slight increase in implied volatility for major expirations. Options are very suitable for short-term speculation at this time; the main transactions this week have also been short-term PVP, and the cost-effectiveness of buying options remains very high.