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Analysis suggests that the largest options expiry in history may intensify short-term BTC volatility

Analysis suggests that the largest options expiry in history may intensify short-term BTC volatility

AIcoinAIcoin2025/12/25 11:13
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Data analyst Murphy stated that approximately $23.6 billion worth of bitcoin options will expire on December 25, marking the largest options settlement in bitcoin's history. After market makers unwind related hedging positions, the support and resistance formed by the options structure may temporarily fail, potentially increasing BTC volatility in the short term until the market's capital structure readjusts. Murphy pointed out that if BTC pulls back to around $80,000 to $82,000, there may be a short-term rebound opportunity. Currently, there are bullish divergence signals on the small-scale price and capital inflow gradients, indicating that the downward trend may correct and there is a demand for a rebound. Historical data shows that similar signals have often accompanied rebound rallies or trend reversals, but current market sentiment remains bearish, making a rebound more likely.
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