🚨 According to Deribit data, the largest #Bitcoin options contract in history will expire this Friday —

This expiring contract is valued at $14 billion, with a ratio of put options to call options of 0.69, meaning there are 7 put options for every 10 call options.

The maximum pain point is $84,000, indicating that the market is still predominantly bearish.

A commonly used indicator: before major options expiration dates, market prices often move closer to the maximum pain point.

The volatility index (DVOL) has fluctuated sharply recently, indicating that there are still significant disagreements in the market.

So from Christmas until around January 5, liquidity may be weak, and the market might still be in a downward oscillation.

Try to avoid making reckless moves before and after expiration; spend money if you have it for the holidays, and if you don't, just relax and enjoy some downtime!