What is option delivery? Does option delivery have any impact on the market? What is the biggest pain point?
BTC options are also a very important derivative and an important indicator for us to assist in judging market trends. The principle of options is very simple, namely bullish and bearish, but it is mixed with many complex trading logics.
There will definitely be an impact on the market. A large number of open option contracts will expire on this day. If option holders decide to exercise their options, Bitcoin buying and selling activities in the market will increase significantly, which may lead to a sharp rise in the price of Bitcoin. fluctuation. Especially for those large options contracts, changes in trading volume and market sentiment at expiration are particularly important.
The maximum pain point means the price where the buyer’s profit is the smallest and the loss is the largest, or the price where the seller’s loss is the smallest and the profit is the largest.
Judging from previous years, the impact of delivery does not seem to be very large!
So what specific data should we pay attention to in the annual options delivery drama?
150,000 BTC options expired, the Put Call Ratio was 0.69, the maximum pain point was $85,000, and the notional value was $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.
The annual delivery will be at midnight tonight, and the last delivery of this year will expire with a total value of US$18 billion in options!
Bitcoin has more than doubled its gains in 2024, especially the year-end market since November, making the entire market very optimistic about 2025.
According to the experience of previous bull markets, the rainbow chart has certain reference value. In the previous rounds of bull markets, there were parts in the red and orange areas. At present, it has not even entered the yellow area and remains in the green area, so the sentiment has not arrived yet!
There is also the logic of the altcoin season; in the next few months, there will be a bull market with sector rotation, and we hope that more innovative products will drive the bull market in the entire crypto market. Such a wealth-creating effect will be significantly stronger than the current bull market of mainstream currencies.
Based on the current situation, the market trend before and after delivery is still mainly adjustment. Because of Christmas and annual delivery, the overall market is relatively weak. The days before and after the New Year are all busy days for everyone to celebrate the festival, and making money is naturally not the most important thing! Therefore, investment and financing work will be temporarily shelved, and work will start after the New Year. Everyone is full of expectations and devotes themselves to work. With the implementation of policies, the market will become more and more open!
The most important thing is that after Trump takes office in January next year, he will be the most crypto-friendly president in history. At the same time, crypto supporter Musk will have greater power. Whether it is the deeper integration of crypto into mainstream finance or the US government and major companies stockpiling Bitcoin, it will have a huge positive impact on the entire crypto market.
So are you looking forward to 2025? If so, please leave your opinion. If not, please also tell us why you are not optimistic about the market next year!
