PANews reported on December 13 that Greeks.live macro analyst Adam posted on the X platform that 21,000 BTC options will expire today, with a Put Call Ratio of 0.83, a maximum pain point of $98,000, and a nominal value of $2.1 billion. In addition, 164,000 ETH options will expire today, with a Put Call Ratio of 0.68, a maximum pain point of $3,700, and a nominal value of $640 million.

This week's market is mainly adjusted. Unlike last week, Bitcoin adjusted less this week, while altcoins adjusted more. As Christmas and annual delivery are approaching, market makers begin to adjust their positions. Recently, the proportion of large call options transactions is high, with an average daily share of more than 30%. In previous Christmases, the trading enthusiasm in Europe and the United States has dropped significantly. This year, the influence of US stocks on cryptocurrencies has increased, and this phenomenon may be more obvious.

The options market data in the past two weeks has shown that market makers are relatively cautious. The volatile market has led to a slight increase in the IV of major maturities. Options are very suitable for short-term speculation at this point in time. The main transactions this week are also short-term PVP, and the cost-effectiveness of buying options is still very high.