Investors are paying attention to December 27, when $11.8 billion worth of Bitcoin options will expire, which could trigger significant price fluctuations in either direction. Nick Forster, founder of the decentralized options protocol Derive, noted that Bitcoin's volatility has remained stable over the past seven days, with an implied volatility of 63% for the next seven days and 55% for 30 days. "This tight consistency suggests that the market anticipates significant volatility soon." Bitcoin has currently retraced from its highs, and one of the reasons cited by market participants for the price drop is profit-taking. (Reuters)