[Reduced Liquidity During Christmas Holidays Puts Pressure on Bitcoin Price] Bitcoin's price failed to stay above $90,000 for long, impacted by reduced liquidity during the Christmas holidays, rising precious metal prices, and record-breaking options expirations. Approximately 300,000 Bitcoin options contracts (with a notional value of around $23.7 billion) are set to expire on Friday, with positions concentrated near the $85,000 and $100,000 strike prices. BRN Research Director Timothy Misir stated that the market sentiment leans defensive, with insufficient momentum for a rebound, and although the sell-off is small, it has been prolonged.