#期权到期 Pay attention to risks tomorrow, bullish outlook for tomorrow, bearish outlook for today.
On December 26, the largest options expiration in BTC history.
Must be careful! Reduce leverage.
The delivery day (early morning of December 27, Beijing time) is the period of highest risk and the most extreme volatility.
The maximum pain price is around #95000 . The price at which the most option buyers incur losses.
"Magnetic effect": Due to a large number of options contracts concentrated around $96,000, market makers will tend to pull the spot price towards this "maximum pain" price level to hedge risks.
High leverage risk: Market leverage levels are high, and any sudden news or large orders can easily trigger a chain liquidation, causing prices to experience "wick" movements (instant large fluctuations) at critical points.
"Sweeping market" behavior: Prices are likely to quickly sweep through the core area of 90,000 - 100,000. Regardless of the direction of the breakout, it may trigger a large number of stop losses and chasing buy/sell orders, leading to instantaneous fluctuations of 3%-8% or even larger.
On December 26, the largest options expiration in BTC history.
Must be careful! Reduce leverage.
The delivery day (early morning of December 27, Beijing time) is the period of highest risk and the most extreme volatility.
The maximum pain price is around #95000 . The price at which the most option buyers incur losses.
"Magnetic effect": Due to a large number of options contracts concentrated around $96,000, market makers will tend to pull the spot price towards this "maximum pain" price level to hedge risks.
High leverage risk: Market leverage levels are high, and any sudden news or large orders can easily trigger a chain liquidation, causing prices to experience "wick" movements (instant large fluctuations) at critical points.
"Sweeping market" behavior: Prices are likely to quickly sweep through the core area of 90,000 - 100,000. Regardless of the direction of the breakout, it may trigger a large number of stop losses and chasing buy/sell orders, leading to instantaneous fluctuations of 3%-8% or even larger.
