TechFlow news, on December 24, Greeks.live analyst Adam stated that although European and U.S. markets have entered the Christmas holiday break, the crypto market has seen a significant rally driven by Bitcoin. Due to poor market liquidity from the Christmas holiday through year-end settlements, smaller forces are needed to drive price volatility.
On the options front, short-term implied volatility (IV) has declined compared to the previous day, and market makers' position rollovers are nearing completion. IV is expected to remain stable before year-end. Currently, Bitcoin's maximum option pain point is at $84,000, and Ethereum's at $3,000; these annual maximum pain points may, as in previous years, ultimately prove ineffective.
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