Bitcoin’s December 26 Gamble: A Nabokovian Tale of Options and Hope

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Bitcoin, that sly fox, has been napping through the festive season, leaving both bullish and bearish philosophers in a tizzy. Presently, it lounges around $89,000 to $90,000-a far cry from its October crescendo of $126,000, which now feels like a distant, melancholic dream. 🧠

To the uninitiated, it appears as stagnant as a pond in winter. Yet Samson Mow, that eccentric prophet of crypto’s seven-figure symphonies, insists the calendar, not the candlesticks, holds the key. December 26, he whispers, is the date that will make your heart flutter like a moth near a flame. 🔥

The reason? Not the mundane on-chain tales or the grandiose macro headlines, but the arcane dance of the options market. A deluge of December options expires on the 26th, with call options clustered like moths around a $100,000 light. 🌌

Highly likely.

– Samson Mow (@Excellion) December 15, 2025

On the downside, put options lurk like shadows between $85,000 and $90,000, effectively trapping the price in a gilded cage. Those managing this risk are forced into a Sisyphean routine: sell high, buy low, and keep Bitcoin in a narrow corridor until the contracts dissolve. 🌀

What happens on Dec. 26?

This so-called calm is but a charade, orchestrated by hedging flows rather than genuine supply and demand. When viewed through this lens, sellers are not fleeing, nor are buyers surrendering-they are merely pinning the price like a butterfly to a board. Gamma, that mischievous force, acts as gravity, holding all in place. 🌌

On Dec. 26, gravity vanishes. As options expire, hedges unravel, and the suppressive force dissipates overnight. History, that fickle muse, reveals Bitcoin rarely remains dormant once such structures clear. 🧠

If the spot price lingers above $90,000 and dares to touch $100,000 with real volume, dealers will be compelled to buy against their short call exposure. This could spark a swift ascent toward the $110,000-$112,000 realm-a crescendo worthy of a Nabokovian climax. 💸

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2025-12-16 16:33