#bitcoin #options 📉 Historic Bitcoin Expiration: Getting Ready for a Storm This Friday!
This Friday, December 26, could be a defining moment for the crypto market. We are waiting for the largest
$BTC options expiration in history, worth over $23.6 billion.
For comparison: last year this figure was $19.8 billion, and in 2022 it will be just $2.4 billion. The market has become institutionalized, and the stakes are now higher than ever.
🔍 What does this mean for the price?
Expiration is the moment when contracts expire. When they “close”, dealers unload their risk books and remove hedges (protective positions). Combined with the low liquidity of the holiday season, this creates the perfect conditions for a “price swing”.
📊 Key figures and benchmarks:
• Current price: around $87,292.
• Max Pain: $96,000. This is the price at which the largest number of option holders will suffer losses and sellers will receive the maximum profit. Often, the price of BTC tends to this mark before closing.
• Volatility range: The main concentration of gamma exposure is concentrated between $86,000 and $110,000.
• Optimism remains: Despite the drop, analysts see a large number of open call options at $100,000. This is a hint that traders are still waiting for the “Santa Rally”.
⚠️ What to look out for?
Due to the holidays, trading volumes in the spot market are low. This means that even relatively small orders can cause sharp price jumps in either direction.
Tip: Be careful with high leverage in the next 48 hours. The market can be extremely unpredictable.