2025-12-26 03:40:48

#比特币与黄金战争 Can Bitcoin and Ethereum's long and short battle today determine a winner?

This afternoon at 4 PM (Beijing time), BTC will face an unprecedented $23.7 billion annual options expiration, with the biggest pain point around $96,000. ETH also has $4.8 billion in contract pressure. $BTC $ETH

Every time there is an epic options expiration day like this, the market exhibits the same pattern—volatility surges, often triggering a one-sided trend acceleration.

Looking at past expiration days, the performance is clear:

End of 2023 on December 29? Volume surges and a sharp rise. Spring 2024 on March 29? Rapid upward push. The June 30 event was interesting, with a general correction rhythm. On September 27, it started breaking upward again, and on December 27, it continued to advance. This year's March 28 also saw an upward breakout, with no extreme volatility in late June, but on August 29, volatility increased significantly and then quickly rebounded.

The underlying logic is quite simple—once the "cage" of these large-scale expiration contracts disappears, the suppressed market will significantly release volatility.

From the current situation, there may be probing up and down, but Bitcoin is very likely to initiate a wave of upward movement.

BTC1,34%

ETH1,56%

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ChainMelonWatcher

· 9h ago

237 billion dollars in options pressure, 96,000 positions so tightly held, can it really break through all at once... Historical data indeed looks mostly upward, but I'm still worried about getting pierced and chopped for profit-taking.

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HashRateHustler

· 9h ago

23.7 billion options pressure? Bro, how aggressive do you have to be this time to stop the bleeding? 96,000 is really a meat grinder.

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GasFeeCrybaby

· 9h ago

$23.7 billion? Damn, is this really going to explode this time? 96,000 stuck tightly, feels like the main players are playing psychological warfare.

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GweiTooHigh

· 9h ago

$23.7 billion in options settlement? This time, we'll finally see the outcome—can the $96,000 wall be broken?

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rug_connoisseur

· 9h ago

$23.7 billion in options settlement? Whether it can break 96,000 this time depends on the market maker’s mood. Historical data looks good, but that doesn't mean it can be replicated today.

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MEVvictim