BTCUSD Today, December 28: Record Options Expiry Fails to Break Range
Bitcoin price today holds in a tight band, with Bitcoin BTCUSD trading near 87,905 USD as a record 23.8 billion dollars in options expired without a breakout. The market stays pinned inside the 85k-90k range amid thin holiday liquidity and steady US spot ETF outflows. For Swiss investors, the focus is whether price can clear 90,000 or lose 85,000 to reset positioning into January. We expect volatility to reprice after expiry, but confirmation needs stronger spot demand and higher volume. Until that shift, patience and clear levels help.
Range holds after record BTC options expiry
About 23.8 billion dollars in BTC options expired, yet Bitcoin price today stayed near 87,905 USD. Open interest decay reduced hedging needs, often causing price to gravitate toward large strikes. With holiday desks light, dealers likely pinned action around 87k-88k. One data point is not a trend, but the expiry explains why moves faded despite intraday tests of 88k-89k source.
Bitcoin price today sits below the 50-day average at 91,713 and the Bollinger middle near 89,354. The upper band is 94,212 and the lower band is 84,496, bracketing the 85k-90k range. RSI at 42.9 is soft, while ADX near 35 signals trend strength, not direction. With ATR around 3,748, a clean break could travel several thousand dollars before slowing.
Spot ETFs and flows: impact on momentum
Spot ETF flows have flipped negative at times in December, which has capped bounces. That helps explain why Bitcoin price today struggles to sustain pushes above 89k. Weak demand from US funds, plus holidays, left thin order books. Swiss coverage also flagged the slow year-end tone and price near 87,500 USD source.
For CHF-based accounts, Bitcoin price today also reflects USD/CHF moves. FX swings can add or offset crypto gains. Watch spreads during Swiss hours, and track US ETF flow updates after 16:00 CET. Consider staged orders near 85k-90k, set clear invalidation, and avoid chasing low-liquidity spikes. Fees and funding rates matter when holding over the holidays.
Technical setup and key levels
Bitcoin price today is 87,905 USD, up about 0.8% on the day, but momentum is soft. RSI sits at 42.91, MACD is below zero, and Stochastic %K is 31.46. The 50-day average near 91,713 is overhead resistance. On balance volume remains weak, while ADX at 34.98 shows a firm trend that could accelerate on a break.
A close above 90,000 could target the Bollinger upper near 94,212, then 97,000 on follow-through. A drop below 85,000 opens 84,496, then the Keltner lower near 82,065. Bitcoin price today sits mid-range, so risk control matters. After expiry, we expect higher realized volatility as positions reset and liquidity returns in early January.
Final Thoughts
Into year-end, the tape is clear. A record expiry and thin desks kept price action inside the 85k-90k range. Bitcoin price today shows a market that wants confirmation from flows and volume before choosing direction. For Swiss accounts, keep an eye on USD/CHF, spreads during local hours, and the afternoon window when US ETF data hits. Tactically, plan for both outcomes. Above 90,000, momentum traders may chase toward 92,500 to 94,200, so think about scaling out into strength. Below 85,000, liquidity gaps can widen quickly toward 84,500 and 82,000, so predefine stops. Until a break, range strategies like staggered bids near support and trims near resistance can work, but avoid over-sizing in holiday liquidity. Also watch spot premiums versus futures basis, network fees, and Swiss exchange ETP pricing for confirmation. If price reclaims the 50-day average near 91,713, that would support a grind toward prior highs during Q1, while failure would keep the range intact.
FAQs
The ~$23.8B BTC options expiry reduced hedging needs and likely encouraged “pinning” near large strikes. With holiday liquidity thin, fewer participants were willing to push through offers or bids. ETF outflows also dampened spot demand. Together, these factors kept Bitcoin price today trapped inside the 85k-90k range.
The key bounds are 85,000 and 90,000. A daily close above 90,000 targets 92,500 to the Bollinger upper near 94,212. A break below 85,000 opens 84,496, then 82,000. ATR near 3,748 suggests moves can extend once momentum builds. Watch volume and ETF flow data for confirmation.
ETF outflows can reduce buy pressure, limiting rallies. For Swiss investors, this impact can combine with USD/CHF changes, affecting returns in CHF. Monitor US ETF flow updates in the late Swiss afternoon, and compare spot, futures basis, and ETP pricing to confirm trend quality and liquidity conditions.
Consider scaling entries near support and trimming near resistance, with predefined stops. Avoid chasing moves during thin hours. Use alerts around 85,000 and 90,000, and size positions so a failed breakout does not harm the account. Track ETF outflows and volume to judge the quality of each move.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
