Analysis: Reduced market liquidity during the Christmas holidays may make a significant price increase for Bitcoin unlikely.

Odaily Planet Daily reports that Bitcoin's price failed to hold above $90,000 for an extended period due to reduced liquidity caused by the Christmas holidays, a surge in precious metal prices, and the upcoming record-breaking options expiration. These factors collectively influenced the cryptocurrency market's price movements. Approximately 300,000 Bitcoin options contracts (with a notional value of about $23.7 billion) expire on Friday, double the number from the same period last year, with positions concentrated around the $85,000 and $100,000 strike prices. Timothy Misir, Head of Research at BRN, stated that the market tone remains defensive. Rebounds lack follow-through momentum, while sell-offs, though small in scale, have been prolonged. (The Block)