[Greeks.live: Limited Momentum to Restart Bull Market, Slow Decline is the Mainstream View]
Greeks.live macro analyst Adam stated that while the Federal Reserve's 25 basis point rate cut and the restart of purchasing $40 billion in short-term Treasury bonds are favorable for liquidity, market activity remains low as the year-end approaches, leaving limited momentum to restart a bull market. Options data shows that over 50% of positions are concentrated at the end of December, with BTC's maximum pain point at $100,000 and ETH's maximum pain point at $3,200. Skew has remained persistently negative this month, primarily due to the dominance of covered call strategies and traders preparing for a downturn. A slow decline is currently the mainstream view in the options market.