A well-known derivatives platform's BTC options are approaching their annual expiration date, and today (December 26) the outcome will be revealed.

**Time Confirmation**
Settlement is scheduled at 08:00 UTC, which is 16:00 Beijing time. The final settlement price will be determined by the 30-minute TWAP from 07:30 to 08:00, which is crucial.

**Market Expectations**
Trading usually halts a few hours before expiration. The real focus is at 08:00 UTC. Historical experience shows that market volatility often intensifies around expiration—actions like gamma hedging and price movements toward max pain are common.

**Practical Tips**
If you have positions to monitor, consider paying attention to real-time OI data and price trends from a certain data platform. Given the holiday context today, liquidity is already thin, and volatility risks are relatively amplified.

Trade cautiously and closely observe market developments.