♛《On-Chain Data Analysis》Market Focus: Friday's $14 Billion Options Expiration May Trigger Strong Market Shock!

The ratio of put options to call options for this expiration is 0.69, meaning for every 10 call options, there are 7 put options. This indicates a certain level of bearish sentiment in the market. Additionally, the number of contracts expiring this time (146,000 contracts) is also significant, being twice the number of contracts expiring in March 2025 (73,000 contracts). "The impact this time will play a decisive leading role in the market's medium-short term trend."

Although cryptocurrency funds maintained a net inflow last week, following the hawkish remarks from Federal Reserve Chair Powell, cryptocurrency products faced a record single-day outflow, leading to a significant drop in inflows. Data from CoinShares shows that last week, investors injected a total of $308 million into the funds, including Bitcoin ETFs. However, on Thursday alone, investors withdrew a record $576 million, and the outflow increased to $1 billion on Friday.

♥ In short: As the year-end approaches, the market is sluggish, expectations for institutional activity are declining, retail trading volume remains low and continues to decrease, volatility is consistently dropping, and with Friday's options expiration, downward pressure on the market is increasing. Caution is still needed in position management! Prevent short attacks and lay the groundwork for next year's market. If you are unsure about adjustment positions, please refer to previous articles!