GreeksLive：受美联储未降息及缺乏重大事件影响，行情平稳，IV 持续走低

Core Insights - The upcoming monthly options expiration on the first day of 2026 will see over 25% of options positions expiring [1] - The market remains stable due to the Federal Reserve's decision not to cut interest rates and the absence of significant events, leading to a continuous decline in implied volatility (IV) [1] - Bitcoin has returned to a consolidation range, facing strong resistance at $90,000 and support at $86,000, with a decrease in market volatility expectations and no immediate catalysts for a breakout [1] - Recent institutional inflows into exchanges have increased liquidity pressure in the market, contributing to a bearish sentiment as the performance of crypto-related stocks has weakened and fear, uncertainty, and doubt (FUD) levels have risen [1]