Nominal value of 18 billion dollars in options will be settled today, with BTC max pain at 85,000 dollars
On December 27, Greeks.Live analyst Adam posted on social media that 150,000 BTC options are expiring today, with a Put Call Ratio of 0.69 and a max pain of 85,000 dollars, with a nominal value of 14.17 billion dollars.
In addition, there are also 1.12 million ETH options expiring today, with a Put Call Ratio of 0.41, max pain at 3,000 dollars, and a nominal value of 3.74 billion dollars.
Adam stated that today is the annual settlement, the last settlement of this year has 18 billion dollars in options expiring, and the theme of this week remains adjustment. Due to Christmas overlapping with the annual settlement, the overall market heat is relatively low.
In 2024, Bitcoin has seen over double the returns, especially with the end-of-year market since November, making the entire market very optimistic about 2025. In January next year, after Trump's inauguration, he will be the most crypto-friendly president in history, while crypto supporter Musk will also have greater influence, whether it is the deeper integration of mainstream finance with crypto or the U.S. government and major corporations holding Bitcoin, it will bring a huge positive impact to the entire crypto market.
According to past bull market experience, the next few months will be a sector-rotation bull market, hoping for more innovative products to drive the entire crypto market's bull run, as this wealth effect should be significantly stronger than the current mainstream coins' bull market.
