PANews reported on December 20 that according to Greeks.live analyst Adam, BTC recently pulled back after failing to hit $110,000, clearing some leveraged longs, while the adjustment of altcoins has lasted for nearly a month. Based on previous bull market experience, a sharp correction in Bitcoin may trigger a "altcoin season", but the intensity of the correction is still unclear.
As Christmas and annual delivery approach, ETF funds are flowing out significantly, market makers continue to adjust their positions, and the recent large-volume call option transactions account for more than 30% of the daily average. After more than 40% of options expire at the end of the year, the large amount of margin released is expected to drive the implied volatility down, and the cost-effectiveness of buying options in the next week may be significantly improved.
Earlier yesterday, Deribit: BTC options and ETH options with a total notional value of approximately US$2.7 billion will expire tomorrow.
