Bitcoin’s Holiday Meltdown: Trapped in a $90K Limbo 🎉💸

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Bitcoin’s doing the cha-cha at $90K, going absolutely nowhere fast. Year-end liquidity? More like a desert. Options markets? A circus. Everyone’s waiting for the punchline, but no one’s laughing. 🤡

Bitcoin Stalls Near $90K Because Holidays = Market Nap Time 🛌

Bitcoin’s kicking off 2024 like a bad rerun of 2023: stuck in a holding pattern, waiting for drama. Holiday liquidity? It’s drier than Aunt Karen’s fruitcake. Even a sneeze in the market sends prices swinging. No news, no catalysts, just vibes. 🕺

Recent price hiccup? Not caused by panic-liquidations (for once). Leveraged longs barely coughed up $40M. Turns out, “buying” in this market is like applauding at a funeral-polite, but meaningless. Some traders swear corporations are backdoor-buying, but let’s be real: maybe they just forgot to turn off auto-pilot. 🙃

QCP’s Dec. 29 note spilled the tea: options markets are the real puppeteers. Post-expiry, Deribit’s perpetual funding jumped to 30

Downside? Put skews eased, which means folks stopped panic-buying insurance. The $86K floor held despite ETF outflows and sellers who won’t quit. Maybe it’s not a floor… maybe it’s a trampoline? 🤷♂️

Traders? They’re twiddling thumbs. Open interest dropped 50

FAQ: Because You’re Too Lazy to Google 🪙

  • Why’s Bitcoin Stuck at $90K?
    Holiday liquidity’s thinner than a low-carb bagel. Traders are indecisive. Even the doge memes can’t save this.
  • Why Do Tiny Trades Move the Price?
    Market depth’s a ghost town. A sneeze moves the needle. Ever played Jenga with monopoly money? Same vibe.
  • Options Market’s Role?
    Dealers switched from “zen” to “hot mess.” Short gamma = price rollercoaster if BTC flinches. Buckle up!
  • Is the Downside Cooled Off?
    Put skews chilled, $86K held. But “support” levels are like exes: reliable until they’re not.

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2025-12-31 16:39