ChainCatcher Message, Greeks.live analyst Adam stated that although the European and American markets have entered the Christmas holiday break, the crypto market has seen a significant increase driven by Bitcoin. Due to poor market liquidity during the Christmas holiday to year-end settlement period, the momentum required for price fluctuations is minimal.

In terms of options, the short-term implied volatility (IV) has decreased compared to the previous day, and market makers are nearing the end of their position adjustments, with expectations that IV will remain stable until the end of the year. Currently, the largest options pain points for Bitcoin are at $84,000, and for Ethereum, at $3,000. These annual maximum pain points may fail as they have in previous years.