Over $27B in #BitcoinOptions expire on Dec. 26, removing dealer hedging pressure that has pinned $BTC between $85K–$90K throughout December.

A bullish options skew is evident, with a low put/call ratio of 0.38 and Max Pain near $96K, suggesting upside bias once gamma constraints unwind.

With implied volatility near monthly lows (~45), derivatives data favors a post-expiry move toward the $94K–$96K zone, though a breakdown below $85K would invalidate the bullish setup. #WriteToEarnUpgrade