2025-12-25 13:00:56

#数字资产市场动态 $BTC $ETH $BANANA

How fierce is the cold snap in the Bitcoin Christmas cycle? Q4 saw a decline of 22.8%, with the price just breaking below the $85,000 support, while gold surged by 69% during the same period—this comparison best illustrates the issue. Looking at the year, leading cryptocurrencies have nearly lost 5%, leaving investors feeling anxious.

But the turning point may be just around the corner. Will the December 26 options expiration become a catalyst for market reversal? On-chain data hints at a change: bearish positions have significantly eased, and the market has accumulated 100,000 call options, indicating strong buildup. Trading analysis shows that $300 million of gamma risk is concentrated in the $85,000–$90,000 range. Once this barrier is broken, it could trigger a chain reaction.

From a technical perspective, the heatmap of liquidations reveals the defensive positions of both sides—shorts are heavily defending the $90,000–$95,000 zone, while the last line of defense for bulls is tightly held at $84,000. Breaking either of these levels could stir up significant volatility.

What about risks? Don’t be overly optimistic. On-chain demand data shows that Bitcoin’s attractiveness has waned, and medium-term pressure remains heavy. Historically, the worst-case scenario in a bear market has touched $56,000—investors should be aware of this potential.

Will there be a rebound and takeoff after the holiday, or will there be a second bottom? The answer to this game of chess lies in the next few trading days.

BTC1.01%

ETH0.69%

BANANA18.24%

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ZeroRushCaptain

· 1h ago

If 90,000 can't be broken through, don't boast about it. I bet it will bottom out at 56,000.

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ApeEscapeArtist

· 1h ago

Gold has risen 69% while we only fell 5%, this comparison is really incredible, feels like we've been cut once Wait, is the 100,000 call options real? Is this a sign of a rebound or a trap to lure shorts? Breaking the 84,000 mark is crucial, my current mindset is a bit崩 Betting on options expiration day? Feels a bit刺激 The 56,000 bottom line is scary, hope we don't really probe that level... The market has been dropping too fast these past two days, who can be sure that the 26th isn't the day for distribution? With so many call options accumulating, is the bullish trend really about to stir or just诱导? The buildup feels very strong, just not sure if it's building up to go up or down Medium-term resistance is heavy, is a short-term rebound likely, everyone? I also don't understand the liquidation heatmap, anyway just waiting for a突破

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RiddleMaster

· 1h ago

Gold up 69%, Bitcoin down 22.8%... The gap is really incredible. Feels like we're on a gambler's table. --- Breaking 85,000, does that mean we're really heading to 90,000? Feels like every time it's said, it ends up pulling back. --- 10,000 call options stacked here. Are they really going to do it, or are they just trying to trick us into taking the bait? --- 56,000 in the bear market bottom... Don’t scare me, I just entered the market. --- Can the reversal happen on the 26th delivery date? I bet five bucks it will just sideways trade in the end. --- The battle between bears and bulls at 8.4-9.5, I just want to watch this show quietly. --- On-chain demand decline sounds very aggressive. Feels like it’s not that optimistic. --- It's either building up or releasing chain reactions. This phrase sounds a bit familiar to me...

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MevHunter

· 2h ago

Once the 85,000 mark is broken, we'll see if it can hold at 90,000. It feels like this wave will either surge dramatically or hit a straight bottom, with no middle ground.

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