#市场调整与情绪 Christmas week liquidity is really contracting. I just saw data showing that the open interest of BTC and ETH perpetual contracts decreased by $3 billion and $2 billion overnight, respectively. What does this mean? 🤔 Does it mean everyone is reducing leverage and the market is becoming more cautious?

And this concept of "option expiration," I’m a bit confused... This Friday, 300,000 BTC option contracts are expiring, worth about $23.7 billion. The numbers seem huge. Some analysts say it’s not a good time to be overly bullish now, which makes me a bit anxious 😅.

But on the other hand, it’s also because liquidity is shrinking that volatility might increase. Shouldn’t we be more cautious and observe carefully? It feels like the market is "napping" during Christmas week, and only when liquidity returns in January will it truly wake up. What is everyone doing during this period? Continuing to hold positions or just observing? Would appreciate some guidance from the experts!