Greeks.live analyst Adam wrote that although the European and American markets entered the Christmas holiday, the crypto market rose significantly driven by Bitcoin. Due to the poor market liquidity between the Christmas holiday and the end of the year, price fluctuations require less motivation. In terms of options, short-term implied volatility (IV) has declined from the previous day, and market makers are moving towards the end of the year. IV is expected to remain stable before the end of the year. At present, the largest option pain point in Bitcoin is at $84,000, and Ethereum is at $3,000. These annual pain points may be invalid as in previous years.