Bitcoin's $14.27B Options Expiry Sparks Market Jitters: Will It Hit $100K or Plummet?

Bitcoin’s $14.27B Options Expiry: A Market on Edge

The cryptocurrency market is abuzz as Bitcoin faces a significant options expiry worth $14.27 billion, scheduled for December 27th at 8:00 a.m. UTC, according to FX Empire (fxempire.com). This event has traders closely monitoring whether the price of Bitcoin will break above the critical $100,000 mark or succumb to bearish pressures that could drive it lower.

Currently trading just above $95,000, most call options are set around the $90,000 strike price—indicating bullish expectations from investors who anticipated prices would exceed this level. As these calls become "in the money," profit-taking and hedging activities may introduce short-term volatility in Bitcoin's pricing dynamics.

Trump’s ‘Made in USA’ Bitcoin Promise Faces Skepticism

A recent article by Yahoo Finance (finance.yahoo.com) discusses former President Donald Trump's ambitious promise of creating a 'Made in USA' version of Bitcoin—a pledge many experts deem unrealistic given current technological and regulatory landscapes. The concept raises questions about feasibility amidst ongoing debates over digital currency regulation within U.S. borders.

Short-Term Holders Doubtful After Failed BTC Rebound

An analysis from BeInCrypto (beincrypto.com) highlights concerns among short-term holders following Bitcoin's inability to sustain its rebound past the elusive $100K threshold during what was hoped to be a “Santa Rally.” With resistance levels forming below key points like $99,332 coupled with declining confidence metrics—such as the Addresses by Time Held indicator showing reduced optimism amongst newer investors—it remains uncertain if momentum can shift positively soon enough before further declines occur towards sub-$90k territories, as predicted based on technical indicators including RSI readings indicating potential downward pressure ahead barring any breakout scenarios emerging unexpectedly against prevailing trends observed throughout late-December trading sessions globally.

The Year Crypto ETFs Changed Everything

This year marked transformative shifts within crypto markets largely due to the introduction of spot-based exchange-traded funds covering both leading assets—namely Bitcoin and Ethereum. Launched initially back in January and July, these ETFs have subsequently brought newfound legitimacy and institutional capital flows into a space previously dominated primarily by retail participants. Since their introduction, these products have gained traction rapidly, continuously growing month after month. They've consistently outperformed traditional benchmarks and indices alike, setting new records along the way and surpassing expectations of industry insiders, analysts, and observers.

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