Adam, a macro researcher at Greeks.live, pointed out in a post that as Europe and America enter the Christmas holiday, traditional markets are closed, but the cryptocurrency market driven by Bitcoin has shown a significant rise. Due to poor holiday liquidity, the market requires less driving force for fluctuations. In terms of options, the short-term implied volatility continues to decline, and market makers are nearing the end of their shift. It is expected that the volatility will remain stable by the end of the year. The current maximum pain point for BTC is $84000 and ETH is $3000, but the annual maximum pain point may expire, similar to previous years.