Bitcoin Price Faces Volatility Ahead of $2.3 Billion Options Expiry

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Bitcoin (BTC) is seeing increased volatility as it heads into the first December options expiry. With $2.3 billion in BTC options set to expire, the market is bracing for price swings. BTC recently surged to $98,237.17 but remains in a ‘greed’ sentiment zone. The expiry is expected to influence short-term price movements, as it coincides with BTC’s recovery trend. Looking ahead, Bitcoin’s price could face more pressure from long positions and a key expiry event on December 27th. Traders are eyeing key levels, especially the $100,000 to $120,000 range, for potential year-end price moves.