[Flash News] According to Odaily Planet Daily, BTC options delivery data on January 5 shows that 22,000 BTC options are about to expire, with a nominal value of US$960 million, and the biggest pain point is US$43,500. At the same time, 255,000 ETH options will also expire, with a nominal value of US$580 million and a maximum pain point of US$2,300. As the spot ETF failed to pass as scheduled, the market suffered a massive sell-off, leading to violent fluctuations. There is currently a fierce time game in the market for ETFs, with IVs reaching over 80% within a week. Next week will be the deadline for ETF approval, and no matter the outcome, things will eventually come to an end. 😉 The focus of the crypto derivatives market is on ETF gaming, funding rates and leverage levels have improved, and violent fluctuations may not occur again in the short term. What do you think of this situation? Welcome to chat in the comment area!