$27B Options Expired today.

Largest expiry ever on Deribit (~$24B BTC + $3.8B ETH) hits Friday 08:00 UTC (09:00 CET).

Ends the gamma pinning that locked BTC in the 85k–90k range. Post-expiry gamma flush could trigger sharp moves. Bullish call skew favors upside breakout.

📊 Market Snapshot:

• BTC: $88,823 (+1.56% 24h)
• ETH: $2,972 (+1.56% 24h)
• ETH/BTC: ₿0.03346
• BTC Dominance: 57.7%
• Total Market Cap: $3.07T
• Total Volume: $91.77B
• Coinbase Premium: -$77.35 (soft US demand)
• Open Interest: $27.54B (-1.05%)
• Funding Rates: 0.8790%
• MVRV: 1.55
• Fear & Greed: 20 (Extreme Fear)
• ETF flows: -$175M (Dec 24)

🔔 Last 24h Developments:

• Flash wick on Binance – BTC briefly plunged to $24k on thin USD1 pair (Trump stablecoin) before instant rebound. Isolated glitch in holiday liquidity, no broader sell-off.

• Trump Media shuffled $174M BTC (2,000 BTC) across wallets. Treasury reshuffle, no price impact.

• Extreme Fear at 20 – longest streak since FTX. Oversold signal with no capitulation yet.

• Crypto M&A hit record $8.6B in 2025 – structural wins clash with stagnant prices.

• Negative Coinbase Premium persists – soft US demand in thin holiday volume.

📢 Takeaway:

Tomorrow's record options expiry lifts gamma pinning and likely unleashes volatility (upside favored by call dominance).

Negative premium + Extreme Fear = short-term fragility but oversold conditions.

Stay defensive: ultra-low leverage, watch the expiry spike. Any post-event dip could be prime accumulation before January liquidity.

❌ https://x.com/it_tech_pl/status/2004499009323573664?s=46