Currently, there are approximately $30 billion in Bitcoin contracts set to expire tomorrow, December 26th, which is a historic record for Bitcoin options.

Large call options are above the $100,000 level, while large put options are around the $85,000 level.
Call contracts (call) make up more than two-thirds approximately compared to put contracts (put), or roughly 3:1. With Bitcoin's current price around $87,000, bears are the biggest winners.
The Max Pain point is around $95,000, where losses are greatest for both sides.
Below $90,000, put options are the biggest winners.
The closer we get to $94,000 or $95,000, the less profit there is for put options.
Bitcoin must surpass at least $100,000 for call options to start making a profit.

Important note: Options contracts differ from futures contracts, but this does not mean there will be no volatility tomorrow.
In any case, Bitcoin remaining at these levels until tomorrow will generate greater pressure on itself.

Data pertains only to the Deribit platform$BTC