Market Awaits Major Options Expiry Amidst Holiday Calm

According to Odaily, QCP's market analysis indicates that following last week's sharp decline, the market remains stable as the holiday season approaches. Despite the current calm, attention is focused on the significant options expiry this Friday, with nearly $20 billion worth of BTC and ETH options set to expire. This accounts for almost half of Deribit's total open interest. Post-expiry, a typical end-of-quarter volatility sell-off may occur, especially as spot prices continue to fluctuate and options sellers close their positions. Unlike most options sellers who must wait for collateral release post-expiry, call option buyers may have already closed most of their positions. However, if BTC successfully surpasses $100,000, volatility could remain strong. Meanwhile, as BTC struggles below the $100,000 mark, altcoins may begin to catch up. A similar trend was observed a month ago when BTC traded near these levels, and ETHBTC rebounded from the 0.032 support level. With BTC's dominance still at 58%, a significant drop below this level is being closely monitored to confirm a rotation into altcoins.