December Options Expiration Could Spark BTC Price Rally

President-elect Donald Trump’s recent victory has clearly boosted investor confidence, especially given his campaign promises to “fire” SEC Chairman Gary Gensler on “day one” and the unprecedented number of pro-crypto lawmakers elected to the House and Senate.

A pro-Bitcoin mining president could lower regulatory barriers, potentially advancing the approval of a “strategic Bitcoin reserve” and directing law enforcement agencies to hold, rather than liquidate, BTC seized from criminal activity. Senator Cynthia Lummis’ legislation seeks to accumulate up to 1 million Bitcoin over time.

For the December options expiry, the aggregate open interest is $$ 11.8 billion, although the recent rally above $$ 80,000 surprised bearish investors, reducing the final value. If the Bitcoin price remains near $$ 88,000 at 8:00 UTC on December 27, only $$ 96 million worth of put options will be in play. This limited exposure occurs because the option to sell at $$ 85,000 becomes irrelevant if BTC is trading above this level at expiry. https://br.cointelegraph.com/news/hitting-and-holding-100-k-bitcoin-price-depends-on-11-8-b-end-of-year-btc-options-expiry