Historical Epic Option Expiry Market Trend Review: Significant Volatility Amplification, Often Experiencing One-sided Market Rally Acceleration.
1)Bitcoin Completes Largest-Ever Annual Derivatives Settlement December 26, 2025 | 16:00 UTC+8 Bitcoin wrapped up its largest-ever annual derivatives settlement on Thursday (Dec 26) at 16:00 China Standard Time (UTC+8), with a notional value of ~$23.6 billion and a maximum pain point (max pain) of approximately $96,000.
2)Pre-Settlement Context: Thin Christmas holiday liquidity, paired with rising precious metal prices, kept BTC trading sideways between $85k and $90k. Gamma hedging also exerted strong volatility suppression.
3)Post-Settlement Outlook: Analysts expect the “volatility cage” to lift post-settlement, driving a sharp spike in volatility. BTC could break above the $90k range, with some projecting a push toward $100k—potentially igniting a New Year rally.#TrendingTopic #BTC #BTC走势分析 #china #BTC☀ $BTC
