$BTC has been pinned in a tight range around $87,800, coiled like a spring ahead of today's massive $23.6 Billion options expiry. The market is heavily hedged, creating a "mechanical cage" that has suppressed volatility. As these contracts settle, this cage will break, likely releasing significant pent-up energy. The market is in "Extreme Fear," and a violent move is expected as dealers unhedge their positions.

Short Prediction: Expect explosive volatility immediately following the expiry. We could see a sharp, whip-saw action—a quick flush to test support around $85,000 to liquidate late longs, followed by a rapid rebound towards the "Max Pain" level of $96,000 as shorts cover. The direction of the break will set the tone for the New Year.

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BTC

90,364.08

-0.06%