#美联储重启降息步伐 Three major moments are counting down in the crypto market this December.

First up—the Fed FOMC meeting on December 11. The sentiment has shifted, and rate cut expectations have shot up to 87%, whereas before everyone thought they'd keep things unchanged. The impact on risk assets? No need to say much—liquidity is everything.

The second key event is even bigger: the Bank of Japan meeting on December 19. Haruhiko Kuroda’s recent statements have made the rate hike signal impossible to hide. The market was betting on “more easing in December,” but now that script has been thrown out. Once global capital reallocates, the volatility in the crypto market? You can imagine.

Finally, the grand finale—the massive Bitcoin options expiry on December 26, the largest of the year. $23 billion in notional contracts will be settled all at once. What do the numbers say? $100,000 is the max pain point, so a short-term breakthrough and holding above it will be tough; there are tons of PUT options stacked at $84,000. Why did prices bounce back so quickly after dropping below that? Institutions have set up a safety net below.

With conflicting expectations from two major central banks and a huge options expiry, December’s uncertainty will only grow. Capital is likely to battle around key price levels, so keep a close eye on volatility and position changes before and after these events. $BTC $ETH $BNB