BlockBeats news, on December 23, the thin market liquidity during the Christmas holiday, soaring precious metal prices draining liquidity, and the upcoming record options delivery collectively caused Bitcoin to maintain below $90,000 today. Analysts warn that the record options expiration this Friday will amplify fluctuations. Approximately 300,000 BTC options contracts (with a notional value of about $23.7 billion) are set to expire on Friday, accounting for more than half of the total open contracts for Bitcoin on Deribit. Deribit Chief Business Officer Jean-David Pequignot stated that this options delivery is a “record-breaking” event, with the combined expiration scale of BTC and ETH options reaching $28.5 billion, double that of last year.
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