(Bloomberg) -- Options are showing that Bitcoin is heading into the final weeks of 2025 under intense pressure, with around $23 billion in contracts set to expire next Friday that threaten to amplify already-elevated volatility. The amount accounts for more than half of all the open interest on Deribit, the largest Bitcoin options venue. Bitcoin saw price swings of over $130 billion within an hour during US trading on Wednesday, triggering a cascade of both long and short liquidations. Call options are clustered at strike prices of $100,000 and $120,000, hinting at residual optimism for a year-end relief rally. “Together, these flows should increase downside volatility while capping upside,” said Maxime Seiler, chief executive at digital asset trading firm STS Digital.

Source: Mint December 19, 2025 06:05 UTC