#永续合约市场动态 Christmas week liquidity contraction? What does that mean? 🤔 I just saw news saying that open interest in perpetual contracts plummeted overnight, with BTC down by $3 billion and ETH down by $2 billion... Feels like everyone is actively deleveraging?

This reminds me of the "liquidity" concept I heard in the chat group before, and now I finally have a bit of a sense of it. As the holiday approaches, market activity decreases, trading volume drops, and it feels like everyone is on vacation, making the exchanges seem quiet? 😅

The most shocking thing is that so many options are expiring this Friday—300,000 BTC options, 446,000 IBIT options... The numbers are so large that I’m a bit overwhelmed. Especially with the "maximum pain point" at $95,000, I understand this might mean the market could be quite volatile?

Historically, Christmas week usually sees 5%-7% volatility, which sounds pretty scary for beginners. But the article says that liquidity will return to the mean after the holidays in January, which gives me some confidence. I feel like this period requires cautious trading—avoid blindly chasing highs or stopping losses 🙏

Can experienced friends explain why low liquidity environments at year-end can amplify volatility due to tax-loss harvesting? Still learning!