$BTC

As of December 26, 2024, Bitcoin (BTC) is trading at approximately $95,568, reflecting a 2.55% decrease over the past 24 hours.

Earlier today, Bitcoin's price peaked near $99,868 before retreating to its current level.

This movement follows a recent all-time high of $107,000 achieved last week.

Analysts suggest that Bitcoin's failure to sustain levels above $100,000 has led to increased demand for protective put options, indicating that investors are hedging against potential declines.

In the options market, significant activity is observed ahead of the December 27 expiry, with projections indicating potential price movements of up to 16% lower or nearly 20% higher by that date.

This heightened activity suggests that traders anticipate increased volatility in the near term.

Given the current market dynamics, traders are advised to exercise caution and consider implementing risk management strategies, such as setting stop-loss orders and diversifying their portfolios, to navigate the anticipated volatility effectively.