Why did the record BTC options expiry not move price much?

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.

What levels matter most into January?

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.

How do ETF outflows affect Swiss investors?

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.

How can I trade the current range with lower risk?

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.

Global Market Insights

BTCUSD Today, December 28: Record Options Expiry Fails to Break Range

ByHuzaifa Zahoor December 28, 2025December 28, 2025

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.