TechFlow reported on December 20 that Greeks.live analyst Adam stated BTC's recent pullback after failing to break $110,000 represents a cleanup of aggressive leveraged long positions following its consolidation above $100,000, while altcoins have already undergone nearly a month of correction. Based on previous bull market patterns, a major Bitcoin correction typically precedes an altcoin season, though the extent of this current correction remains uncertain.
With Christmas and year-end settlements approaching, ETF funds are seeing noticeable outflows as market makers continue adjusting their positions. Large bullish options trades have accounted for over 30% of daily volume recently. More than 40% of outstanding options will expire by year-end, and the substantial release of margin capital is likely to drive down implied volatility, making options purchases particularly cost-effective in the coming week.
