[Analysis: $23.8 Billion Bitcoin Options to Expire on December 26]
On-chain data analyst Murphy stated that Bitcoin options with a notional value of approximately $23.8 billion will expire on December 26. Data shows that 85,000 USD put options and 100,000 USD call options are respectively stacked at 14,674 BTC and 18,116 BTC. These positions are mostly held by long-term funds such as ETF hedging positions. The options corridor between $85,000 and $100,000 may have a structural impact on BTC prices before December 26.