From the options market, a significant portion of the open contracts will expire on December 26; the previous wave expired on December 19, when the price dropped to a low of 86K. The importance of large expiration dates lies in the fact that big whales concentrate their positions and hedging activities on these specific dates, amplifying their impact on short-term price fluctuations, prompting them to sell the rallies and buy the dips to maintain hedging.

This impact will peak on December 26, the largest Position expiration date of the year. Once the expiration date has passed and the Hedging has expired, the price gravity will weaken, leading to a market structure reset, and a new trend will emerge.

So let's look at the present, there are currently 13,276 BTC put options concentrated at 85K, and 17,281 BTC call options concentrated at 100K. With the price fluctuating in this range, making an options trade or a grid on Deribit is actually a deterministic operation for profit.

The last day to participate in the wool-pulling competition, you can give it a try.