🚨 On December 26: $26.7 Billion in Contracts Set to Expire – Crypto Market Facing Major Waves
On December 26, the crypto market will face one of the largest option expirations of the year, with a total value of up to $26.77 billion.
Key details:
Bitcoin: ~$23.09 billion in options expiring
👉 Max Pain: ~$98,000
Ethereum: ~$3.68 billion in options expiring
👉 Max Pain: ~$3,200
What is Max Pain?
This is the price level that causes the most losses for option buyers, while option sellers (market makers/dealers) benefit the most. Therefore, around the expiration time, the market often tends to be pulled towards the Max Pain area or experiences strong fluctuations to balance positions.
Points to note:
Large expirations at the end of the year in the past have often led to fluctuations of 20–30%.
Thin liquidity + defensive year-end sentiment can amplify price volatility.
Fake breaks may easily occur before, during, and after December 26.
👉 Strategy: reduce leverage, tightly manage risk, prioritize observing price reactions around the levels of $98K (BTC) and $3.2K (ETH).
