Bitcoin faces a critical test, with over $23.6 billion in options expiring on December 26, its 'maximum pain point' close to $96,000. Meanwhile, outflows from U.S. spot Bitcoin ETFs have fallen to one of the lowest levels of the year, reflecting a decrease in institutional demand. Price movements remain volatile, with Bitcoin consolidating around $87,106, resistance at $90,647, and support between $83,986.