Market Insight
The crypto market is consolidating, with the global cap down slightly, reflecting a cautious tone. The current range-bound action in Bitcoin ($BTC) near $90,000 isn't random. On-chain data points to significant structural support and resistance.
The Real market signal is the colossal $23.8 billion Bitcoin options expiration set for December 26th. Open interest shows a large accumulation of puts at $85,000 and calls at $100,000. This options corridor is structurally constraining price movement, creating "implicit suppression above and passive buffering below" for the short term as long-term funds hedge their positions.
Takeaway: Expect low volatility and a tight trading range until the December 26th options expiry clears, which will likely lead to a repricing of risk and a new breakout signal.
Would you prefer stability or volatility right now? Let me know! 👇
