🔸 The market is entering the Extreme Fear zone as the $28 billion USD options are set to expire on 26/12. Market Makers are forced to hedge, causing the price $BTC to get stuck at $88k, $ETH to hover below $3k. $SUI and LINK also share the fate of being stuck in a frustrating sideways trend. This is the familiar Max Pain tactic to eliminate both Long and Short positions before the deadline!
🔸 The holiday break + BOJ raising interest rates has caused risk money to withdraw quickly. BTC has lost 30% from its peak of $125k, and with such thin liquidity now, it is very easy to be manipulated. Patience is key until after 26/12, when the pressure to close positions is over, and the price path will become clearer. Acting recklessly now can lead to serious losses!
The market is tightening extremely, are you Long or Short?
This article is for reference only, it is not investment advice. Please read carefully and consider thoroughly before making a decision.