Bitcoin Stuck in $85K–$90K Range: Massive $23B Options Expiry Today Could Trigger Big Move 🚨

Hey Steem crypto crew! 🚀
London-based trader here, watching the charts closely every day. Bitcoin is ending 2025 with some serious tension – here's my quick, no-fluff take on what's happening right now (Dec 26, 2025).
1️⃣ Current Price Action
BTC is trading around $88,500–$89,000 today.
We've been pinned in a tight $85,000–$90,000 range almost all December – thin holiday liquidity + ETF outflows keeping things quiet.
2️⃣ The Big Event Today
Record $23–$24 billion Bitcoin options expiry happening RIGHT NOW (largest ever on Deribit).
This has been acting like a magnet: puts around $85K supporting the floor, calls around $90K capping the upside.
Once it clears, volatility could explode – traders expect a breakout or breakdown soon.
3️⃣ What I'm Watching on the Chart
Consolidation looks like a classic range (possible symmetrical triangle forming on higher timeframes).
Key support: $85,000–$86,000
Key resistance: $90,000 (psychological + gamma wall)
Volume is low, but post-expiry we could see a sharp move.
4️⃣ My Bias & Quick Trade Idea
Slightly bullish longer-term (ETFs, institutional buying still in play).
If we break & close above $90K with volume → target $95K–$100K fast.
If we drop below $85K → possible quick dip to $80K–$82K (but lower probability).
Personal plan: Holding spot, accumulating on dips below $87K.
Not financial advice – just what I see as an active trader. DYOR!
What do you think? Bullish breakout after expiry or more sideways into 2026? Drop your thoughts below! 👇