$BTC $ETH $BNB
🔥 A large number of options expire this week! Bitcoin faces a critical test, with $23 billion in contracts potentially triggering the market!
According to Bloomberg, about $23 billion in Bitcoin options will expire next Friday (December 22), accounting for more than half of the total open contracts on the Deribit platform! Market volatility has significantly increased, with the 30-day implied volatility rising to nearly 45%. The skew of options is about -5%, indicating that the market is still more concerned about downside risks.
📌 Key strike prices focus:
· Call options are heavily concentrated at $100,000 and $120,000
· However, around $85,000 has accumulated about $1.4 billion in put options, which could become a price "magnet zone," increasing the risk of a breakdown!
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🏛️ Subtle signals from the Federal Reserve:
Goolsbee (a Federal Reserve official) released mixed signals in his latest speech:
✅ If inflation continues to decline, a rate cut could be considered
❌ But he expressed unease about "preemptive rate cuts"
⚠️ Emphasized the need to see more "sustained" progress in inflation cooling
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💵 The dollar strengthens, mainstream currencies under pressure:
The dollar index rose slightly to 98.425, while the euro fell to 1.1725 against the dollar. A strong dollar typically suppresses risk assets, including cryptocurrencies.
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📉 Volatility in altcoins intensifies:
· USTC falls over 13% in 24 hours, STEEM down over 10%
· Multiple cryptocurrencies like LRC, 10TX, STORJ, THETA, FIDA hit new lows
· Q1 saw a decline of 17.59% during the week
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💰 Large fund movements:
Monitoring shows that on December 19, $90 million USDT was transferred from an unknown wallet to Binance, possibly injecting liquidity into the market and may indicate significant trades are about to occur.
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📌 Summary:
Options expiration + macro policy uncertainty + dollar strength + widespread declines in altcoins, the market is in a highly sensitive phase. It is recommended to closely monitor the performance of the $85,000 Bitcoin support level and changes in market liquidity before and after the weekend.
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