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According to ChainCatcher, approximately $23.6 billion worth of bitcoin options will expire this Friday, marking the largest options expiration date in bitcoin's history. Analysis indicates that the scale of this expiration is extremely large and overall leans bullish. The max pain point (the price level at which option buyers incur the greatest losses and sellers gain the most at expiration) is $96,000, which will reinforce the upward price trend.

BlockBeats News, December 24th, this Friday will see approximately $23.6 billion worth of Bitcoin options expiring, marking the largest options expiry day in Bitcoin's history. Analysis indicates that this expiry is of significant scale and is overall skewed to the upside. The maximum pain point (the price level at which options buyers suffer the most loss at expiry, and sellers make the most profit) is at $96,000, which will reinforce the upward price trend.

PANews, December 24 – According to CryptoQuant analysts, the on-chain indicator BCMI for bitcoin continues to decline and is currently below the equilibrium value, though still above the historical bottom range. This suggests that the market is not only experiencing a cooling phase, but is undergoing a structural reset through both price and on-chain momentum. Historically, the cycle bottoms in 2019 and 2023 formed when the BCMI touched the 0.25-0.35 range. From a data perspective, the current market may be transitioning into a bear market phase rather than a simple correction. If past patterns repeat, a more sustained bottom may only form when the BCMI index falls back to the 2019-2023 levels. At this stage, the market appears to be in a downward transition phase rather than having completed a reset.