Bitcoin investors are on the edge of their seats as a $19.8 billion options expiry looms on Dec. 27. With BTC recently soaring past $100,000, bearish traders are left scratching their heads, while bulls are eyeing a new all-time high.

- Call options dominate with $12 billion, overshadowing $7.8 billion in puts. Deribit leads the charge, holding 72% of the market.

- Institutional interest is strong, with ETFs pulling in $4.5 billion this month. MicroStrategy and MARA Holdings are also on a Bitcoin shopping spree.

- Bears need a miracle to push BTC below $95,000, while bulls are aiming for the stars above $105,000. 🚀