2025-12-25 17:51:22

Roughly $23.8B worth of Bitcoin options are set to expire.

That’s one of the largest expiries we’ve seen, and it matters because price action over the past few weeks has been heavily influenced by options positioning, not organic spot demand.

As these contracts roll off, the hedging pressure that’s been keeping price compressed starts to disappear.

After that, price action reflects real positioning again, not derivatives mechanics.

That’s when direction usually becomes clearer.

BTC-0,19%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.