提笔写江山

The recent market fluctuations make it really hard to gauge the direction, but overall, it seems like a downward trend might be underway. Although the decline won't happen all at once, it could be a prolonged process! The trends from last year and this year really can't be played the same way as before in the crypto space—there are too many uncertainties, and it's going to be difficult to navigate this year.

🔥 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 mark

👀👀On Christmas Eve, the market awaits direction amidst an "ice point" sentiment. Today is the last full trading day before the Christmas holiday, and major global markets are about to enter a closure state. The crypto market is shrouded in a strong "cold air" as investor sentiment has dropped to a rare "ice point." Against the backdrop of weakened liquidity before the holiday, the market is experiencing reduced volume fluctuations, seeking a new balance.
· $BTC : Fluctuating narrowly around the $88,000 mark. The current price has retreated from recent highs, and both bulls and bears appear