Greeks.live macro researcher Adam wrote on the X platform that Europe and the United States have entered the Christmas holiday, and the traditional market is closed, but the crypto market driven by Bitcoin has risen significantly. Due to the poor liquidity during the holiday, the market needs less motivation to rise and fall. In terms of options, short-term implied volatility continues to decline, and market makers are moving positions towards the end. It is expected that volatility will be stable before the end of the year. At present, the biggest pain point of BTC is $84,000, and ETH is $3,000, but the biggest pain point of the year may be invalid, which is similar to the situation in previous years.