BTCOptions worth 14 billion yuan expiring today, Deribit: will become a key driver of the market; Altcoin Rebound is expected.

On Christmas 2024, the price of BTC broke through $100,000, becoming a historically important Node. Investor sentiment is high, coupled with macroeconomic factors and the upcoming expiry of $14 billion Options, which may lead to a significant increase in market Fluctuation. (Previous situation: Outlook for the market in the next month: pain and opportunity coexist, learn to profit from rotation) (Background: This Friday, the ‘largest ever’ $14 billion BTC Options will expire, beware of significant market Fluctuation) This article is a sponsored article written and provided by Clickout Media, not representing the position of Gate.io. This article involves meme coins related Tokens, which may have extremely high Fluctuation risks and are not investment advice. See the responsibility warning at the end of the article for details. Christmas 2024 became one of the most important Nodes in BTC history. With global investors focusing on this digital asset, the BTC price finally broke through the $100,000 mark. Despite the lower Liquidity environment during the holiday season, this rise momentum is somewhat limited, but the market’s confidence in its long-term performance is increasing. This price breakthrough is not only driven by high investor sentiment but also closely related to macroeconomic background and the upcoming Options event. On December 27, there will be up to $14 billion BTC Options expiring, with $4 billion of unclosed contracts already in the ‘in-the-money’ state. This scale sets a historical record for the Deribit exchange and may lead to a significant increase in market Fluctuation. Deribit CEO Luuk Strijers pointed out that this expiry event will be a key market driver in the short term. Market Fluctuation: How does the expiry of Options affect the BTC price The expiry of BTC Options has brought dual impact to the market. On the one hand, a large number of unclosed contracts reflect a bullish sentiment in the market. Options market data shows that the proportion of unclosed contracts for bullish positions is higher than that for bearish positions, indicating that traders are confident in the future upward price space. However, this bullish trend is not without risk. The lower market volume during the holiday period, coupled with high leverage levels, makes the market vulnerable to price Fluctuation. If the BTC price fails to stabilize above $100,000, this leverage effect may lead to rapid price correction. Analysts point out that if the BTC price closes above $105,000 on the expiry date, it will further consolidate the bullish momentum; conversely, falling below $95,000 may allow the bearish positions to dominate. QCP Capital analysts also mentioned that the current market structure has created opportunities for alternative assets. If the BTC price enters a consolidation phase, Altcoins may become the next beneficiaries. Historical data shows that major Altcoins such as Ethereum often show strong Rebound during BTC price adjustments. The Ethereum/BTC ratio previously Rebounded at a key support level, driving the entire Altcoin market to rise. Potential opportunities for Altcoin Rebound With the increase in market Fluctuation brought about by the expiry of BTC Options, investors’ attention is gradually shifting to the Altcoin market. Deribit data shows that Altcoins may benefit from any potential corrections in the BTC price, especially when there is a rise in demand for risk assets in the market. The market cycle characteristics further support this view. In the encryption market, BTC is usually the leading indicator of price Fluctuation, and Altcoins follow closely. Investors often seek higher return opportunities in Altcoins after BTC price adjustments, thereby redirecting funds to Ethereum, Solana, and other Altcoins. This capital flow creates significant potential for a sharp rise in Altcoins in the short term. QCP Capital pointed out that the Rebound of the Ethereum/BTC ratio may once again become a signal for the rise of the Altcoin market. According to data, the Altcoin market is expected to see an increase in Liquidity during the holiday period, ushering in a new round of capital inflows. This also indicates that the diversity of the encryption market is attracting more and more investors. Long-term outlook: A new landscape for the encryption market BTC breaking through $100,000 at the end of 2024 not only represents a new milestone for digital assets but also lays the foundation for market development in 2025. Analysts predict that the BTC price will continue to be affected by the Options market in the coming months, and the Altcoin market may become another important point of rise. However, investors need to remain cautious. High Fluctuation and high leverage may pose a greater risk of correction to the market. Nevertheless, the Altcoin market still has significant potential for rise under the backdrop of increased Liquidity and rising demand for alternative investments. By properly allocating assets and paying attention to market dynamics, investors may achieve substantial returns in this market of uncertainty and opportunity. The resurgence of meme coins At the same time, the meme coin market continues to attract investors, and the new meme coin project Wall Street Pepe ($WEPE) claims that its presale amount skyrocketed from $4 million to $36 million in just 10 days. This phenomenon not only reflects the attractiveness of high-risk, high Fluctuation assets in the market but also reveals the integration of internet culture with the Depth of encryption finance. By replicating the ‘rebellious spirit’ of the GameStop event, $WEPE quickly became the focus of investors seeking breakthroughs and changes. The rise of Wall Street Pepe benefits from precise market timing and community support. In the environment of the Cryptocurrency rebound, $WEPE quickly attracted attention with its unique meme culture and practical functions. The project team used social media, large-scale promotions, and marketing by KOLs to stimulate investor participation. Combined with practical functions such as coinstake and governance rights, $WEPE not only satisfies speculative demand but also enhances its long-term appeal. $WEPE is still in the presale stage, and after the presale ends, it will be listed on DEX and CEX. Investors can visit the official website for the latest presale information. Conclusion: Seize opportunities in Fluctuation With the BTC price breaking through $100,000 and the historic expiry of Options, the encryption market has entered a new Fluctuation cycle. The long-term bullish sentiment for BTC injects confidence into the market, while the potential Rebound in the Altcoin market provides investors with diversified choices. Investors should pay attention to whether the BTC price can stabilize above key levels and closely observe the trend of capital flow in the Altcoin market. In this market turmoil, rational layout and keen market insights will be the key to success. Seizing this moment may become the opportunity to lead the next rise in the encryption market. Disclaimer Cryptocurrency investment is high risk, with large price Fluctuations that may lead to capital losses. This article is for reference only and does not constitute investment advice. Please conduct your own research (DYOR) and make decisions carefully. Disclaimer: The content of this article is a sponsored article provided by contributors, and the contributors have no relationship with Gate.io, and this article does not represent the position of Gate.io. This article does not intend to provide any investment, asset advice, or legal opinions, nor should it be regarded as an offer to buy, sell, or hold assets. Any services, programs, or tools mentioned in the sponsored article are for reference only, and the actual content or rules shall be subject to the publication or explanation of the contributor, and Gate.io is not responsible for any possible risks or losses. Readers are reminded to carefully verify before making any decisions or actions. 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