Amberdata data shows that call-over $95,000 and $100,000 puts saw the largest volume of unpositioned squaring contracts in the past 24 hours, with demand for $75,000 and $70,000 range puts also increasing. Luke Nolan, a research assistant at crypto asset manager CoinShares, said that the current concentration of put option unpositioned squaring contracts is mainly at the end of December and the end of January next year, and partly at the end of February next year, which is logically reasonable to hedge against any pullback or unexpected situation that may arise from this sharp rise.