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BTC surges to $87K, the Christmas options grand spectacle kicks off
【Blockchain Rhythm】The crypto market remains unsettled during the Christmas holiday. As of December 26, according to real-time data, Bitcoin is at $87,115, down 0.48% from the previous day. Ethereum performed slightly weaker, at $2,897, with a 24-hour decline of 1.68%. SOL failed to hold the $120 level and retreated. The total market capitalization of cryptocurrencies is now $3.021 trillion, a decrease of 0.6% simultaneously.
This calm, however, is brewing with undercurrents. Today marks a critical moment in the Bitcoin options market—the largest options expiration in history is approaching strongly. Approximately 300,000 BTC options contracts will expire today, with a notional value of about $23.7 billion. Coupled with the Ethereum options expiration, the total amount of $28.5 billion is at stake, doubling the volume from the same period last year. This suggests that market volatility could be triggered, and the calm period may soon be broken.
On the other hand, the altcoin market presents a stark contrast. The top gainers continue to attract attention—the leader is BIFI with a 78% 24-hour increase, trading at $238.4; ZBT follows with a 55.2% rise, at $0.1557; new tokens like 0G, ACT, and LAYER also recorded gains of 29.3%, 16.33%, and 13.4%, respectively.
However, there are also many tokens experiencing declines. METIS fell 12.8% to $5.79, BANANA dropped 12.05% to $7.14, and DOLO declined 10.08% to $0.03811. The market is diverging, and traders are making their own choices.