Greeks.Live: Crypto market sentiment remains cautious, option traders shift to conservative strategies ahead of year-end expirations

According to Deep Tide TechFlow, on December 26, Greeks.Live's latest English market report indicates that as of December 26, 2025, the overall sentiment in the cryptocurrency market is leaning towards caution to bearishness, with traders generally preferring to sell option premiums rather than make directional bets. The market's focus is concentrated on the $88,770 option expiry level, while the maximum pain point discussed by traders is around $98,134.

This Friday (December 26), more than half of the total open interest in options will expire, making rolling trades the main force in the current market. In the context of thin holiday liquidity, most traders recommend avoiding trading until next Monday and consider adopting conservative strategies such as bull call spreads and naked put selling.

It is worth noting that market interest is gradually shifting towards the metals market, with probability models showing that the two-standard-deviation downside risk outlook for the next six months could reach $17,000. Analysts point out that with changes in market rules in 2025, investors should pay attention to new investment opportunities in 2026.