According to Odaily, Adam from Greeks.live Research Institute shared insights on the X platform regarding the expiration of 150,000 Bitcoin options with a put-call ratio of 0.69 and a maximum pain point of $85,000, amounting to a nominal value of $14.17 billion. Additionally, 1.12 million Ethereum options are set to expire, with a put-call ratio of 0.41 and a maximum pain point of $3,000, totaling a nominal value of $3.74 billion. This marks the annual settlement, with $18 billion in options expiring, and the week's theme remains adjustment due to the overlap of Christmas and the annual settlement, resulting in low overall market activity.
In 2024, Bitcoin has more than doubled in value, particularly with the year-end rally since November, leading to optimistic expectations for 2025. With Donald Trump taking office in January as a pro-crypto president and Elon Musk's increasing influence, the integration of mainstream finance with crypto, along with Bitcoin reserves by the U.S. government and major corporations, is anticipated to positively impact the crypto market.
Drawing from past bull market experiences, the coming months are expected to see sector rotation within the bull market, with hopes for more innovative products to drive the crypto market's growth, potentially offering a stronger wealth effect than the current mainstream bull market.