December 27 options data
150,000 BTC options expired, with a put-call ratio of 0.69, a maximum pain point of 85,000, and a notional value of 14.17 billion. 1.12 million ETH options expired, with a put-call ratio of 0.41, a maximum pain point of 3,000, and a notional value of 3.74 billion. With today's annual delivery and the expiration of 18 billion options for the last delivery of the year, the theme of this week is still adjustment. With Christmas superimposed on the annual delivery, the market as a whole is not so hot.
Bitcoin's gains in 2024 have more than doubled, especially the year-end run since November has made the entire market very optimistic about 2025. When Trump takes office in January next year, he will become the most cryptocurrency-friendly president in history, and crypto supporter Musk will have more energy. The deep integration of encryption with mainstream finance, as well as the national accumulation of Bitcoin by the US government and large companies, will have a huge positive impact on the entire crypto market.
Based on the experience of previous bull markets, the bull market sectors will rotate in the next few months. We hope that more innovative products will drive the bull market of the entire crypto market, making the wealth creation effect significantly stronger than the current bull market of mainstream currencies in 2025. The prospects are bright.