Crypto Market Faces Pressure Amid Christmas Holiday And ETF Outflows

According to BlockBeats, analyst Adam from Greeks.live shared insights on social media regarding the impact of the Christmas holiday on the crypto market. With major trading platforms in Europe and the United States closing for the holiday on Wednesday, December 23, there is an anticipated outflow of crypto funds. Currently, ETFs serve as the primary external funding source for the crypto market, and the outflow of funds is exerting significant pressure compared to previous years, with heightened market risk aversion. The ongoing bull market has not yet experienced a major correction, and the tight financial conditions during the Christmas holiday could potentially lead to a deleveraging event before Trump's inauguration. The market's risk-averse sentiment remains strong. In the options market, nearly $12 billion worth of options are set to expire, accounting for over 40% of the current total open interest. Large investors and market makers are actively adjusting their positions, and there are occasional opportunities for advantageous trades by closely monitoring the market. While significant volatility is not expected during the Christmas holiday, the market is largely focused on the period around Trump's inauguration at the end of January. The current environment presents a favorable opportunity for purchasing options.