Greeks.live macro researcher Adam published "Weekend Block Order GPT Analysis" on X:
BTC contract strike price: Call and put options between $90,000 and $115,000 appear frequently, showing that the market has high expectations for volatility in this price range.
ETH contract strike price: between $3,500 and $10,000, showing that the market expects that ETH prices may fluctuate significantly.
Term: The concentration period is limited to 27DEC24 to 31JAN25, and the main transactions are medium and short term.
Block orders are mostly long positions on weekends, and orders above $100,000 are the main ones at the end of the month. Institutions are more optimistic about the market before the end of the year. Bitcoin hit a new high today. Judging from the option data, institutions have strong expectations for $110,000 by the end of the year.