2025-12-23 09:37:06

English Community Daily Briefing #daily

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Release Date: 2025-12-23

Overall market sentiment
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As BTC continues to decline during the trading hours in the United States, the group shows a clear bearish sentiment, and traders express disappointment over the market's weakness. Key price levels include 86k, which has been a crucial support level tested repeatedly over the past 5 weeks, while 93k and 88k are important reference points for short-term trading strategies.

Options trading under pressure - bearish positions face risks
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• Multiple traders are managing short put option positions with an expiration over the weekend and a strike price around 86k, as concerns grow with BTC approaching this key support level.
• Some traders are considering selling the 93k put options expiring on January 2nd, while others are watching and preparing to establish positions expiring over the weekend if BTC touches 88k again.
• Traders face a tough choice: to close out losing short put options, roll them over to next week, or hold on in the current weakness as market sentiment "rapidly shifts from moderately bullish to awful."

BTC0,98%

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