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Greeks.live: The adjustment range of altcoins is strong this week. As Christmas and the end of the year settlement approach, market makers begin to adjust their positions

Greeks.live: The adjustment range of altcoins is strong this week. As Christmas and the end of the year settlement approach, market makers begin to adjust their positions

Bitget2024/12/13 01:16
BTC+0.50%ETH+2.89%

Researcher Adam from Greeks.live posted on social media that 21,000 BTC options will expire today, with a Put Call Ratio of 0.83, the maximum pain point is $98,000 and the nominal value is $2.1 billion. Also, 164,000 ETH options will expire today with a Put Call Ratio of 0.68; the maximum pain point is $3,700 and the nominal value is $640 million.

The market trend this week has been mainly adjustments; unlike last week where Bitcoin had smaller adjustments while altcoins had stronger ones. As Christmas and year-end delivery approach, market makers have started adjusting their positions; recently there's been a higher proportion of large bullish option transactions with an average daily ratio exceeding 30%.

In previous years during Christmas time trading activity in Europe and America would significantly decrease but this year due to increased influence from U.S stocks on crypto markets this phenomenon might be more pronounced.

Data from recent option market cycles consistently show that market makers are being cautious as volatile markets lead to slight increases in IV for major terms. Options are very suitable for short-term speculation at this current time point; most transactions made this week were also short-line PVPs (Player Versus Player), buying options still offers high cost-effectiveness.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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