Greeks.live: A BTC pullback could trigger an "Altcoin Season," and the cost-effectiveness of options may increase by the end of the year

On December 20, according to analyst Adam from Greeks.live, BTC recently pulled back after failing to break through $110,000, clearing some leveraged long positions. The adjustment of altcoins has been ongoing for nearly a month. Based on past bull market experience, a significant pullback in Bitcoin could trigger an "altcoin season," but the current strength of the pullback is not yet clear.
As Christmas and year-end settlements approach, ETF funds are noticeably flowing out and market makers continue to adjust their positions. Recently, large bullish options transactions accounted for more than 30% of daily averages. After more than 40% of options expire at the end of the year, a large amount of released margin is expected to drive implied volatility down and significantly increase the cost-effectiveness ratio for buying options in the coming week.
In yesterday's news from Deribit: Options with a nominal value totaling approximately $2.7 billion in BTC and ETH will expire tomorrow.