Listen carefully 🐼
When an options expiry of this size hits the market, Bitcoin doesn’t move normally. It moves strategically.
On December 26, roughly $23.7 BILLION worth of Bitcoin options will expire — around 268,000 contracts rolling off in a single session.
This is the largest $BTC options expiry of 2025, and events like this bend price action even when headlines are completely silent.
🔍 What Most Traders Miss
Open interest is heavily skewed toward CALLS, not puts.
That means sentiment is still bullish — Put/Call ratio is low.
But here’s the catch 👇
Options don’t exist in isolation.
Large players hedge these positions using:
Spot BTC
Futures contracts
Those hedges create real buying and selling pressure, not theory — and that’s why price starts acting strange before big expiries.
🧨 Why $BTC Feels “Weird” Into Expiry
As we approach Dec 26, expect:
Sharp wicks
Fake breakouts
Choppy ranges
Long & short traps on both sides
This isn’t randomness.
It’s positioning + hedging + liquidity games.
🎯 The Level That Matters Most: $96,000
This is the Max Pain zone — the price where option buyers lose the most at settlement.
BTC doesn’t have to settle there.
But when $23B+ expires in one day, price often reacts around these key strike levels.
Ignore this level at your own risk.
⏳ Typical Pattern Around Big Expiries
Before Expiry
Sideways, messy price action
Stop hunts above & below range
Breakouts with no follow-through
After Expiry
Hedging pressure fades
Liquidity clears
Price starts moving cleaner and more directional
🧠 Final Thought
December 26 is the reset point.
Until then:
Reduce overtrading
Manage risk tightly
Don’t fall in love with breakouts
And most importantly — don’t trade emotionally
Markets are designed to frustrate the most people right before clarity returns.
Stay sharp 🐼
