Bitcoin price prediction: 132,411 Bitcoin hinge on the December 25 expiry: is $100,000 still within reach?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: the largest Bitcoin options of the year expire on December 25. The book shows where the market has put its money, and where it has not.At 8 a.m. UTC on December 25, 132,411 Bitcoin in open contracts expire on the options exchange Deribit. At the price of $82,009 on Thursday midday that is around $10.9 billion, and it is the second-largest expiry currently on the books. To see where the market expects Bitcoin at the turn of the year, look at that book: it holds the most honest answer available, not an opinion but money someone has actually put down. The documented figures: the calculated centre of gravity of this expiry sits at $78,000, which is $4,009 below today's price, while 35,862 Bitcoin in call options sit at strikes of $100,000 and above. Our assessment follows further down. The two numbers contradict each other only in appearance, and taken together they describe a market that hedges on the way down and hopes cheaply on the way up. Our Bitcoin price prediction ...