#Binance We won on the holidays
The largest expiration of Bitcoin options next week 🚨
Listen up, Bitcoin enthusiasts... when such an expiration date comes, the price of Bitcoin starts to move unpredictably.
On December 26, the expiration of Bitcoin options worth approximately $23.7 billion will occur, which is the largest expiration in 2025. About 268,000 contracts will be canceled at once, and this alone is enough to shake the price even in the absence of any significant news.
Here’s what most people overlook 👇
Most open positions are concentrated in call options, not put options. The call-to-put ratio is low ← which means traders are still leaning towards optimism.
But the options do not remain fixed. Major investors hedge these positions using spot and futures contracts... and these hedges create real buying and selling pressure.
These hedges create real buying and selling pressure. That’s why price movement looks strange before the expiration of large contracts: • Sharp tails
• Fake breakouts
• Volatile ranges trap both buying and selling positions
One level is the most important: 96,000.
This is the area of maximum loss - where option buyers incur the largest losses at settlement. It is not necessary for the price of Bitcoin to reach this level, but when $23 billion or more in contracts expire in a single day, the price often reacts around these execution levels.
The usual behavior before expiration: • Volatile sideways movement
• Stop-loss hunts from both sides
• Breakouts are not completed
After expiration: • Hedging pressure fades
Liquidity improves
The price starts to move more steadily
December 26 is the reset point. Until then, expect traps, manage risk, and do not let emotion take over
The wreckage of houses bankrupts the crowds
