#数字资产市场动态 Ethereum Options Expiration Countdown: $6 Billion Scale Coming to a Head

On December 26th at 16:00 Beijing time (UTC+8), this Ethereum options expiration is a major event—$6 billion in scale. What will happen? Let’s look at the data.

**Trader Sentiment**
The number of call options has reached 2.2 times the number of put options, indicating that most traders previously bet on a bullish trend. But what does this mean? Once a correction occurs, these long positions will come under pressure.

**The Key Level of $3,100**
This price point is a bit special—it’s the (Max Pain) point. In simple terms, it’s the price that causes the maximum loss for the most options buyers. Historically, as expiration approaches, the price tends to gravitate toward this point, creating a sort of "magnetic effect."

**The Bull-Bear Divide**
Want to understand the situation clearly? Remember these two numbers:
- Falling below $2,900? Bears will be in the lead.
- Surpassing $3,200? Bulls will have the last laugh.
The range in between is the current tug-of-war zone.

What’s your view? $ETH $BTC $BNB Will there be more pull? Share your thoughts in the comments.