Analysis: This Friday's record options expiration will amplify market volatility, with a total of $28.5 billion in BTC and ETH options expiring

According to The Block, thin market liquidity during the Christmas holiday, soaring precious metal prices draining liquidity, and the upcoming record options expiration have all contributed to Bitcoin remaining below $90,000 today. Analysts warn that the record options expiration this Friday will amplify volatility.

Approximately 300,000 BTC options contracts (with a notional value of about $23.7 billion) are set to expire on Friday, accounting for more than half of the total open contracts for Bitcoin on Deribit. Deribit’s Chief Business Officer Jean-David Pequignot stated that this options expiration is "record-breaking," with a total of $28.5 billion in BTC and ETH options expiring, double that of last year.