December 26th may be an unusual day for the market. The largest Bitcoin options expiration in history is approaching, totaling $23.6 billion, which will undoubtedly become the focus of the entire market.

Why is this so important? In simple terms, such a massive options expiration will directly impact the support and resistance levels that the market has previously established. Liquidity is already tight at the end of the year, and in this context, it is very easy to trigger sharp short-term price fluctuations. This is not alarmist but an objective market law.

From a technical perspective, the $80,000 to $82,000 range is considered a critical support zone. Once the price touches this zone, it is likely to attract speculative buying. This is the area that market participants are closely watching.

From a capital flow perspective, spot Bitcoin ETFs have been quite cautious before the holiday, with daily net outflows ranging from tens of millions to over a hundred million dollars. This indicates that institutional investors remain conservative before the year-end. This market stance suggests that we need to continue waiting—waiting for liquidity to recover and for the market to move out of the shadow of options.

History teaches us that every irrational panic sell-off is an opportunity. Those with patience are using such volatility to accumulate positions and prepare for future trends.