Analysis: Bitcoin is stuck in a "waiting period" of $85,000–$90,000; Christmas volatility may be driven by options expiration.

According to Odaily Planet Daily, crypto analyst Michaël van de Poppe stated in an article on the X platform that Bitcoin has been hovering between $85,000 and $90,000 for several weeks, and it's currently a wait-and-see game. Capital will only flow back into the cryptocurrency market after the US stock market reaches a local high. Market analysis suggests that historically, Bitcoin has often experienced fluctuations of 5% to 7% during the Christmas period. This pattern is usually related to year-end options expiration rather than new fundamental catalysts. Data shows that approximately 300,000 Bitcoin options contracts (worth $23.7 billion) and 446,000 IBIT options contracts will expire this Friday.