Adam, a macro researcher at Greeks.live, pointed out in a post on the X platform that during the Christmas holiday, traditional markets are closed, but the cryptocurrency market driven by Bitcoin has seen a significant increase. Due to poor holiday liquidity, the market requires less power to rise and fall. In terms of options, short-term implied volatility continues to decline, and market makers are approaching the end of their positions. It is expected that stability will be the main trend in volatility before the end of the year. Currently, the maximum pain point for BTC is $84,000 and for ETH it is $3,000, but the annual maximum pain point may become invalid, which is similar to previous years.