Greeks.live: Christmas holiday weakens liquidity in the crypto market, Bitcoin $84,000 options pain point may become ineffective

2024-12-25 08:08:30

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ChainCatcher news, Greeks.live analyst Adam posted that although the European and American markets have entered the Christmas holiday break, the cryptocurrency market has seen a significant rise driven by Bitcoin. Due to poor market liquidity during the Christmas holiday until the year-end settlement period, the momentum required for price fluctuations is minimal.

In terms of options, the short-term implied volatility (IV) has decreased compared to the previous day, and market makers are nearing the end of their rollovers, with IV expected to remain stable until the end of the year. Currently, the maximum pain points for Bitcoin are at $84,000 and for Ethereum at $3,000; these annual maximum pain points may fail as they have in previous years.

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