PANews reported on December 6 that Greeks.live macro researcher Adam posted on the X platform that 23,000 BTC options expired, with a Put Call Ratio of 1.11, a maximum pain point of $97,000, and a nominal value of $2.3 billion. 147,000 ETH options expired, with a Put Call Ratio of 0.62, a maximum pain point of $3,500, and a nominal value of $570 million.

Adam analyzed that the bullish force of the entire crypto market is very strong. In the past two weeks, the options market data has always shown that market makers are relatively cautious. The impact of 100,000 and today's correction have significantly increased the short-term IV. Options are very suitable for short-term gambling at this time point. Last week, it was mentioned that institutions are worried about repeating the market at the end of 2020. It seems reasonable. The medium and long-term IV has also increased by several points. Market makers are avoiding exposure. Now the market is very likely to continue the bull market.