Bitcoin’s Resilience Amid Record $14 Billion Options Expiry

On December 27, 2024, the cryptocurrency market experienced a significant event as Bitcoin (BTC) options contracts worth over $14 billion reached their expiration. This marked the largest options expiry in Bitcoin's history, raising concerns about potential market volatility. However, Bitcoin's price demonstrated remarkable resilience, maintaining stability and even experiencing a slight uptick following the expiry. The expiry involved approximately 146,000 Bitcoin options contracts, each representing one BTC, with a "max pain" point identified at $85,000.…