Bitcoin News Today: Bitcoin Holds at $84K Amid $14B Bearish Options and Optimism for Institutional Surge
- Bitcoin hovered near $88,000 on Nov. 24 amid a $14B options expiry on Dec. 26, with prices down 30% from October’s $126,000 peak. - BlackRock’s IBIT ETF saw $1.425B in five-day outflows, but Abu Dhabi’s sovereign wealth funds tripled holdings in Q3, signaling mixed institutional sentiment. - Deribit’s $80,000 put ($2.01B open interest) and a $1.74B call condor targeting $100,000–$112,000 highlighted bearish positioning and controlled rally expectations. - Weak U.S. labor data and Fed rate-cut speculation
On November 24, 2025, Bitcoin hovered close to $88,000 as traders prepared for a $14 billion options expiration scheduled for December 26. Market sentiment was divided, with some remaining cautiously optimistic while others adopted a bearish stance. The cryptocurrency had dropped over 30% from its October high above $126,000,
Bearish sentiment intensified in the options market,
Macroeconomic developments heightened the sense of unpredictability.
Technical indicators signaled a pivotal moment. Bitcoin’s price lingered near $84,000, a crucial support point that, if lost, could trigger a rapid drop toward $75,000. On-chain metrics revealed that mid-sized “whales” were buying at lower prices, while leveraged traders and retail participants were leaving the market.
The impending $14 billion options expiration on December 26 further complicated the outlook.
As the year drew to a close, tight liquidity and diverging investor strategies shaped the market environment. While long-term holders continued to accumulate, leveraged and short-term traders suffered increasing losses,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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