coin-img-ETHETH-2.51%coin-img-BTCBTC-2.32%coin-img-UCNUCN+0.24%coin-img-SOLSOL-1.72%coin-img-XRPXRP-1.54%coin-img-USDCUSDC+0.03%coin-img-MONADMONAD-2.36%coin-img-DOGEDOGE-1.44%coin-img-ETHETH-2.51%coin-img-BTCBTC-2.32%coin-img-UCNUCN+0.24%coin-img-SOLSOL-1.72%coin-img-XRPXRP-1.54%coin-img-USDCUSDC+0.03%coin-img-MONADMONAD-2.36%coin-img-DOGEDOGE-1.44%coin-img-ETHETH-2.51%coin-img-BTCBTC-2.32%coin-img-UCNUCN+0.24%coin-img-SOLSOL-1.72%coin-img-XRPXRP-1.54%coin-img-USDCUSDC+0.03%coin-img-MONADMONAD-2.36%coin-img-DOGEDOGE-1.44%coin-img-ETHETH-2.51%coin-img-BTCBTC-2.32%coin-img-UCNUCN+0.24%coin-img-SOLSOL-1.72%coin-img-XRPXRP-1.54%coin-img-USDCUSDC+0.03%coin-img-MONADMONAD-2.36%coin-img-DOGEDOGE-1.44%

Bitcoin Price Range-Bound Ahead of Friday's $23.7 Billion Options Expiry Amid Thin Holiday Liquidity

As Christmas approached on December 23, crypto liquidity thinned, with Bitcoin range-bound while gold hit record highs, according to QCP. BTC perpetual open interest fell about $3 billion overnight and ETH OI dropped roughly $2 billion, signaling de-leveraging rather than renewed risk-taking. QCP warned this liquidity contraction raises the risk of holiday volatility, with Bitcoin historically swinging 5%–7% during Christmas week. This risk is heightened by the expiry of about 300,000 BTC options worth $23.7 billion and 446,000 IBIT options later this week.
BTC
BTC-2.35%
ETH
ETH-2.52%
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