Greeks.live analysts observed that the options market is showing mixed signals. Analysts noted that whales increased bearish positions on BTC and ETH, while sentiment among market participants was neutral to bullish.
Currently, 25,000 BTC options and 217,000 ETH options are expiring on the market. The maximum pain point for Bitcoin options is $42,000, and the maximum pain point for Ethereum is $2,200.
Analysts warned that market activity in Europe and the United States would decrease due to the upcoming Christmas holidays. A decrease in market liquidity can lead to a sudden surge or sudden drop in cryptocurrency prices. (fxstreet)