BlockBeats News, December 27th. Yesterday was the annual options expiration day, which was also the largest cryptocurrency options expiration day in history, with a total notional value of around $28 billion. Although most analysts and historical data indicate that the post-options expiration market volatility will experience significant amplification, due to possible holiday effects, the market has not yet broken free from the oscillating “range-bound market”.
According to HTX market data, Bitcoin fell from $89,000 last night, briefly dropping below $87,000 and then rebounding to trade sideways above $87,000, now priced at $87,405.
According to analyst Murphy, the $87,000 level is a short-term key Bitcoin accumulation price point, and also the strongest support level in the current chip structure. As long as it can maintain the effective support of high-volume candles, the direction will become clearer.
