2025-12-23 22:28:41

BTC has fallen below $88K again during Christmas week 😭 The market is highly volatile, with $28B options contracts nearing expiration — shorts are defending a bit fiercely above the 21-day moving average.

At the end of the year, liquidity is thin, and traders are guessing whether the Christmas market will see a rise or continue to explore the bottom.

From the perspective of the 34EMA, if the downward trend line cannot be held, it will need to retest the lows. Currently, it is a technical tug-of-war, with both bulls and bears having their reasons. The data release and options expiration next week may provide the market with a direction.

BTC0.59%

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WagmiAnon

· 21h ago

At the end of the year, with such a situation, when liquidity thins out, the bears start to jump around, holding the 21-day moving average like a line of defense. I bet that the expiry of the weekly options will cause a sell-off. Do you think it can drop below 85K?

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SybilAttackVictim

· 12-23 23:11

It has fallen again. Whether the 28B Options expiration can save the market all depends on fate.

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PermabullPete

· 12-23 23:00

88K has broken again, it's really tormenting The short positions are too tightly defended, the explosion of options in the next period will be the highlight.

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gm_or_ngmi

· 12-23 22:58

It's fallen again, this round of short positions is really fierce, who wouldn't panic with a 28B contract hanging over their heads? With such poor liquidity, daring to speculate on the market is just a gambler's mentality, right? If the 34EMA can't be held, it's game over. We'll see the truth next week.

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AirdropHunterWang

· 12-23 22:54

Short positions are indeed fierce in this wave, it's hard to watch. Are we going to test the low point again? The 88K support is gone again. The liquidity is really scarce at the end of the year, it's strange if this wave can rise. Both bulls and bears are going all in before the Options expiration, it's exciting. What will happen if 28B gets dumped? A bit anxious.

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MEVVictimAlliance

· 12-23 22:54

It fell again, is it really going to break the bottom this time? If 88k can't hold, I'll just lie flat. The shorts are so fierce, there has to be a wave of Get Liquidated next week to feel good. On the day the Options expire, I fear there will be blood.

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CryptoMom

· 12-23 22:37

88K couldn't hold again, I'm dying of laughter, the liquidity at the end of the year is really amazing. If it breaks, it breaks, anyway I've already mentally prepared for it. 28B Options expiration? It's time to start the performance, the short positions are desperately holding onto the daily chart, feeling like they're struggling to survive.

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