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After massive options expiry, the market remains temporarily unable to break free from the "doorway pattern," with Bitcoin retreating back to $87,000 in search of support.

After massive options expiry, the market remains temporarily unable to break free from the "doorway pattern," with Bitcoin retreating back to $87,000 in search of support.

2025-12-27 09:01

ChainThink News, December 27: Yesterday marked the annual options expiry day, also the largest-ever crypto options expiry in history, with a cumulative notional value of approximately $28 billion. Despite most analysts and historical data indicating a significant spike in market volatility following massive options expiries, the market remains temporarily stuck in a range-bound "sideways channel" possibly due to holiday season effects.


According to market data, Bitcoin retreated from $89,000 overnight, briefly breaking below $87,000 before rebounding and consolidating above $87,000, currently trading at $87,405.


As analyst Murphy noted, $87,000 represents a key short-term Bitcoin liquidity exchange zone and is currently the strongest support level within the existing on-chain position structure. As long as this major volume cluster maintains its effective support, directional clarity will become more evident.

#Bitcoin#Option Settlement

Disclaimer: Contains third-party opinions, does not constitute financial advice

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