This Friday (December 27), the cryptocurrency market will witness a significant options expiration event. According to Deribit data, Bitcoin (BTC) options with a nominal value of approximately $14.515 billion and Ethereum (ETH) options worth $3.932 billion are set to expire. This event could have far-reaching effects on market price trends.

Market attention is focused on the **Max Pain Price** of these two major digital currencies:

BTC Max Pain Price: $84,000

ETH Max Pain Price: $3,000

The Max Pain Price is a critical level in the distribution of options positions between bulls and bears, potentially becoming the center of price speculation. As the expiration date approaches, these key price points may trigger market volatility, increasing uncertainty in price movements.

Investors should pay attention to the following points:

1. Increased Volatility: As the expiration date nears, prices may gravitate toward the Max Pain Price, resulting in significant fluctuations.

2. Market Operation Risk: Options expiration may be accompanied by large-scale liquidations or rollovers, causing a ripple effect on spot market prices.

3. Risk Management: In an environment of heightened uncertainty, it is especially important to set reasonable stop-loss or hedging strategies.

Investors are advised to closely monitor market data and price dynamics, and to respond cautiously to potential price volatility risks.