{"id":54634,"date":"2025-12-25T04:22:04","date_gmt":"2025-12-25T04:22:04","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=54634"},"modified":"2025-12-25T04:22:05","modified_gmt":"2025-12-25T04:22:05","slug":"bitcoin-bears-currently-favored-in-btcs-end-of-year","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=54634","title":{"rendered":"Bitcoin bears currently favored in BTC\u2019s end-of-year?"},"content":{"rendered":"<p>Bitcoin options markets remain tilted toward bears despite US investors\u2019 expectations of economic stimulus injections and semi-bullish outlook for 2026.<\/p>\n<p data-ct-non-breakable=\"undefined\"><strong>Key takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>$30.3 billion in Bitcoin options will expire at year-end, with most call (buy) bets placed well above the $89,000 to $94,000 price range.<\/p>\n<\/li>\n<li>\n<p data-ct-non-breakable=\"undefined\">Bearish strategies stay favored unless BTC breaks $94,000 as prices above $88,000 have erased over half of put (sell) option bets.<\/p>\n<\/li>\n<\/ul>\n<p>As the year-end Bitcoin options expiry approaches, bulls are increasingly skeptical about a turnaround in BTC price. A total of $30.3 billion in open interest hinges on Bitcoin\u2019s 8:00 am UTC price on Friday, which will determine whether bears remain in control after a five-week consolidation near $89,000.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-12\/019b4702-20d1-77c7-9f1f-ea0f09087c38.png\" data-ct-img-zoomable=\"\" \/><figcaption><em>Dec. 26 BTC call options open interest at Deribit, BTC. Source: Deribit<\/em><\/figcaption><\/figure>\n<p>Deribit holds 80% of aggregate open interest, followed by the Chicago-based CME with 11%. However, most of the $21.7 billion in call (buy) options are set to expire worthless on Friday, as bulls were caught off guard after Bitcoin lost the $100,000 psychological support level in November. Less than 6% of Deribit\u2019s call options are positioned at $92,000 or lower at expiry.<\/p>\n<p>Even excluding the $2.5 billion in open interest at strike prices of $150,000 or higher, data shows a heavy concentration from $100,000 to $125,000. Traders often use highly optimistic strike prices to collect volatility premium through covered call strategies, which explains the strong demand for levels as high as $200,000.<\/p>\n<p>Still, while bulls may have underestimated how long it would take Bitcoin to reclaim $94,000, bearish strategies may have gone too far by clustering bets from $75,000 to $86,000. If Bitcoin trades above $88,000 on Friday, more than 50% of the $7.7 billion in put options on Deribit will expire worthless. Even so, bearish positioning remains favorable as long as BTC stays below $94,000.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-12\/019b4702-23e1-76cb-9848-063ec7c3a462.png\" data-ct-img-zoomable=\"\" \/><figcaption><em>Dec. 26 BTC put options open interest at Deribit, BTC. Source: Deribit<\/em><\/figcaption><\/figure>\n<p>Investors are gradually becoming more cautious about risks in the tech sector, particularly after Oracle\u2019s (ORCL US) debt protection costs surged to their highest levels. The company issued nearly $26 billion in bonds this year, according to Bloomberg. Oracle shares remain 40% below their September all-time high.<\/p>\n<h2>Bitcoin bulls continue to add positions ahead of the year-end expiry<\/h2>\n<p data-ct-non-breakable=\"undefined\">Investors are pricing in higher odds of stimulus measures from the US after Treasury Secretary Scott Bessent confirmed plans to issue a $2,000 tariff rebate for non-wealthy individuals in early 2026. In addition, US President Donald Trump has made it clear that whoever replaces Fed Chair Jerome Powell in May should prioritize lowering interest rates.<\/p>\n<div data-ct-widget=\"inline-parallax-ad\">\u00a0<\/div>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-12\/019b4702-2939-782f-a8da-13078eb9d741.png\" data-ct-img-zoomable=\"\" \/><figcaption><em>Bitcoin options open interest change in seven days at Deribit, USD. Source: Laevitas.ch<\/em><\/figcaption><\/figure>\n<p>Bitcoin traders reacted by increasing year-end call option positions in the $90,000 to $120,000 range over the past week, signaling that optimism remains intact despite multiple failed attempts to reclaim $94,000 over the past five weeks.<\/p>\n<p data-ct-non-breakable=\"undefined\"><em><strong>Related: <\/strong><\/em><em><strong>Bitcoin rallies thwarted by fading Fed rate cut odds, softening US macro<\/strong><\/em><\/p>\n<h2>$94,000 is the key level to decide Bitcoin\u2019s future momentum<\/h2>\n<p data-ct-non-breakable=\"undefined\">Below are four probable scenarios for the year-end BTC options at Deribit expiry based on current price trends:<\/p>\n<ul>\n<li>\n<p><strong>$86,000 to $90,000:<\/strong> The net result favors the put (sell) instruments by $2.4 billion.<\/p>\n<\/li>\n<li>\n<p><strong>$90,001 to $94,000:<\/strong> The net result favors the put (sell) instruments by $1.5 billion.<\/p>\n<\/li>\n<li>\n<p><strong>$94,001 to $96,000:<\/strong> The net result favors the put (sell) instruments by $650 million.<\/p>\n<\/li>\n<li>\n<p><strong>$96,001 to $98,000:<\/strong> Balanced outcome between call and put options.<\/p>\n<\/li>\n<\/ul>\n<p>A Friday expiry below $90,000 would be extremely negative for Bitcoin bulls. However, as long as the Bitcoin price stays below $94,000, the odds continue to favor bearish options strategies.<\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>\nSimply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>\nor Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2025\/02\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin options markets remain tilted toward bears despite US investors\u2019 expectations of economic stimulus injections and semi-bullish outlook for 2026. Key takeaways: $30.3 billion in Bitcoin options will expire at year-end, with most call (buy) &hellip; <a title=\"Bitcoin bears currently favored in BTC\u2019s end-of-year?\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=54634\"><span class=\"screen-reader-text\">Bitcoin bears currently favored in BTC\u2019s end-of-year?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":54636,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-54634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin bears currently favored in BTC\u2019s end-of-year? - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=54634\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin bears currently favored in BTC\u2019s end-of-year? - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Bitcoin options markets remain tilted toward bears despite US investors\u2019 expectations of economic stimulus injections and semi-bullish outlook for 2026. 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