Published: December 26, 2025 | Tapbit Market Analysis
Bitcoin has broken out of its recent consolidation, rallying to $89,098 after weeks of narrow trading in the $85,000–$90,000 range. This move comes amid thin holiday liquidity and ahead of a massive $23.6 billion options expiry—one of the largest on record—raising questions about short-term volatility and post-expiry direction.
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Bitcoin Latest Price Overview: Breaking Above $89,000
24-Hour and Recent Performance: From $85,000–$90,000 Range to $89,098
- Current Price: $89,098 (+2.15% in 24 hours).
- 24-Hour Range: Low $87,200 – High $89,300.
- Market Cap: $1.77 trillion.
- Recent Context: Prolonged sideways action in the holiday period before today’s upside breakout.
Trading Volume and Holiday “Christmas Rally” Context
Volumes remain below peak levels due to year-end holidays, yet today’s surge shows renewed buying interest. Historically mixed “Christmas rally” outcomes add intrigue as markets eye post-holiday participation.
Holiday Range-Bound Trading: Technical Significance of $85,000–$90,000
Key Support and Resistance Analysis
- Support at $85,000: Multi-week low and psychological floor; held firmly during consolidation.
- Resistance Near $90,000: Strong overhead supply and round-number barrier repeatedly tested.
How Thin Liquidity Amplifies Short-Term Volatility Risk
Reduced participation during holidays creates shallower order books, allowing smaller flows to drive outsized moves—evident in today’s rapid climb to $89,098.
$23.6 Billion Bitcoin Options Expiry: Core Data and Structure
Expiry Scale, Timing, and Historical Comparison
Set for December 26–27, this $23.6 billion notional expiry ranks among the largest ever, primarily on Deribit and CME.
Call/Put Ratio, Max Pain Zone, and Price Magnet Effect
- Put-heavy skew below $90,000 suggests downside protection demand.
- Estimated Max Pain around $96,000–$98,000, where most options expire worthless.
- Post-expiry gamma unwinds often trigger sharp directional moves.
Three Potential Bitcoin Price Paths Post-Options Expiry
Upside Break: Holding Above $90,000 Toward $96,000+
Bullish resolution with volume support could target $95,000–$100,000 on short squeezes and renewed inflows.
Continued Range-Bound Trading: Awaiting Post-Holiday Liquidity
Most probable near-term if momentum fades—sideways until institutional desks return in January.
Downside Risk: Retesting $85,000 or Lower
Failure to hold gains risks pullback, especially if expiry pinning reverses or macro risks emerge.
How Traders and Investors Should Respond
Short-Term Traders: Volatility Plays and Risk Controls
- Focus on expiry-driven swings; use tight stops and scaled entries.
- Consider straddle/strangle strategies around key strikes.
Medium-to-Long-Term Holders: Seasonal and Expiry Context
View “Christmas rally” patterns positively historically; treat expiry volatility as noise in broader uptrend.
Risk Warnings: Leverage and Holiday Uncertainty
Avoid excessive leverage; monitor sudden news flows that can exaggerate moves in thin markets.
Conclusion
Bitcoin’s rally to $89,098 breaks the*$85,000–$90,000 holiday range, but the impending $23.6 billion options expiry and low liquidity introduce meaningful two-way risks. Traders on Tapbit can navigate these dynamics with real-time tools and disciplined strategies as we close 2025.
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Disclaimer: This article is for informational purposes only and does not constitute trading or investment advice. Cryptocurrency markets are highly volatile. Always conduct your own research.
