QCP: This Friday, nearly $20 billion worth of BTC and ETH options will expire, or there will be a quarter-end volatility sell-off

Here is the English translation: The news from Mars Finance states that on December 24, QCP released its daily market observation, saying that after last week's plunge, the spot market continued to consolidate sideways as the holiday season approaches. Although the market seems very calm this week, all eyes are focused on the massive expiration this Friday, when nearly $20 billion in nominal value of BTC and ETH options will expire and be settled. This accounts for almost half of Deribit's total open interest. After the expiration, we may see a typical quarter-end volatility sell-off, especially considering the continued spot volatility and option sellers continuing to unwind their positions. Unlike most option sellers who have to wait until expiration to release their collateral, call option buyers may have already closed out most of their positions. However, if BTC successfully breaks above $100,000, volatility may remain robust. Meanwhile, as BTC continues to struggle below $100,000, we can also see Altcoins starting to catch up again. A similar trend was observed a month ago when BTC was trading around these levels, and ETHBTC rebounded from the 0.032 support. As BTC's dominance is still holding at 58%, we are closely watching for a significant drop below that level to confirm a rotation into Altcoins.