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    Bitcoin investors brace for $19.8 billion options expiry, eye record highs and strong business demand

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    Bitcoin investors are eagerly anticipating a significant $19.8 billion options expiration on December 27th. The total money in call options is $12 billion, while the total money in put options is $7.8 billion, largely led by platform Deribit owning 72% of the options market. With Bitcoin’s recent price increase, many are eyeing a new record high at over $110,000. Meanwhile, BTC demand remains strong among businesses as demonstrated by an influx of $4.5 billion into ETFs and significant purchases by firms like MicroStrategy and MARA Holdings.

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    Bitcoin investors are keeping a close eye on the huge $19.8 billion options expiration coming up on December 27th at 8am UTC. The recent rise of Bitcoin to over $100,000 has caught a lot of naysayers by surprise, opening up a chance for Bitcoin supporters to make some money and possibly take Bitcoin to a new record high.

    Right now, the total amount of money in call (buy) options is $12 billion, whereas it’s only $7.8 billion for put (sell) options. The platform Deribit is leading the options market, owning 72% of it, with the Chicago Mercantile Exchange (CME) in second at 12% and Binance at 9%. But the 68% increase in Bitcoin’s price over the last three months has made most sell options pretty useless.

    With expiration getting closer, both those hoping Bitcoin’s price will rise and fall are trying to influence Bitcoin’s price. However, even though investors hoping Bitcoin will rise are aiming over $110,000, they can’t ensure Bitcoin will rise above that.

    Large businesses still have a strong demand for Bitcoin, with $4.5 billion moving into exchange-traded funds (ETFs) between December 1st to 12th. Also, MicroStrategy, a business intelligence company, bought a huge 21,550 of Bitcoin from December 2nd to 8th at an average price of $98,783 each. MARA Holdings, a Bitcoin mining company, also bought up 11,744 of Bitcoin on December 10th.

    People are also considering whether a US strategic Bitcoin reserve will happen. This is a plan by Senator Cynthia Lummis that wants to gather up to one million Bitcoin over a length of time. Other states like Texas are thinking of doing something similar. A Texas lawmaker has brought up a bill that intends for Texas to hold Bitcoin as an investment for at least five years, stating that no taxpayer money would be used to buy Bitcoin.

    Right now, those who believe Bitcoin will rise are in a better position for the year-end options expiration. An example of that is if the price of Bitcoin stays around $100,500 at 8am UTC on December 27th, only $275 million of sell options will have any value. This occurs because it would be worthless to sell at $100,000 if BTC trades above that at expiration.

    To avoid losing a large amount of money, those who believe Bitcoin’s price will crash need to get prices below $95,000 before December 27th. But, those who think Bitcoin’s price will increase can make the most money if they push Bitcoin’s price above $105,000, which would be a new record high. This could be a big win for those hoping Bitcoin’s price will increase moving into early 2026.

    Just remember, this article is only for general info and isn’t legal or investment advice. It’s just the author’s personal viewpoint and does not represent the views of Cointelegraph.

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