Bitcoin (BTC) is expected to experience volatility in the coming week due to the expiration of a large number of options contracts. $14 billion worth of BTC options and $3.8 billion worth of Ethereum (ETH) options are set to expire on December 27. The options expiry event will affect 44% of all BTC open interest and is anticipated to have a significant impact on market volatility and the direction of BTC. Traders are uncertain about the exact effect of the options expiry, as it could either lead to another rally or a deeper correction in BTC's price. The dominant sentiment for BTC options is bullish, but the market may be at risk of diminished bullish momentum. The price of BTC is expected to face resistance at the $92,000-$94,000 range, where put options are concentrated. The expiration of ETH options may also contribute to market volatility, with more bearish sentiment compared to BTC. Overall, BTC is expected to continue its bull market into 2025, while ETH's outlook is more uncertain due to its underperformance compared to BTC and a reassessment of attitudes towards the altcoin.



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