ChainCatcher news, crypto analyst Michaël van de Poppe posted on X platform stating that Bitcoin has been hovering between $85,000 and $90,000 for several weeks, and it is now a waiting game; capital will only flow back into the crypto market after U.S. stocks hit a local high.
Market analysis suggests that historically, Bitcoin often experiences fluctuations of 5% to 7% during the Christmas period. This pattern is typically related to year-end option expirations rather than new fundamental catalysts. Data shows that approximately 300,000 Bitcoin option contracts (worth $237 billion) and 446,000 IBIT option contracts are set to expire this Friday.
