#BTC #ETH

Bitcoin coils near $85K–$90K as massive options expiry nears, with derivatives pressure fading and an upside breakout toward the mid-$90Ks increasingly likely.

Bitcoin has been stuck between $85K–$90K throughout December due to heavy options dealer hedging, with dips bought near $85K and rallies capped near $90K. Around $27B in options open interest is expiring, mostly call-heavy, which has suppressed volatility.

Once this year-end options expiry passes, derivatives pressure should ease—making an upside breakout toward the mid-$90K range more likely than a breakdown below $85K.