🔥 Today's biggest highlight: $28.5 billion Options expiration countdown

· Event: Today (December 24), the world's largest cryptocurrency options exchange Deribit will have Bitcoin and Ethereum options contracts worth $28.5 billion expiring, which accounts for more than half of the exchange's open positions.
· My interpretation: This is the biggest "uncertainty event" at the end of the year. The expiration of such a large-scale contract typically leads market makers to conduct large-scale hedging operations, which can easily trigger short-term violent fluctuations in a holiday market with insufficient liquidity. The "maximum pain point" price for Bitcoin is around $96,000, but a large number of put Options are concentrated at $85,000, which may create downward pressure.
· Beginner Tip: This is not a good time for "betting on direction." For ordinary investors, the best strategy may be to stay on the sidelines and avoid the potential turbulence caused by the "whale battle." Remember, in extreme market conditions, protecting the principal is always more important than chasing profits.