Dec 19 $BTC $4B OpEx settlement was just the warmup Chart below shows the true scale of the wall of money ahead While 2024 was big, the Dec 26 annual expiry ($23.8B+) is the largest in history. We are seeing a massive concentration of institutional risk that will need to be

that1618guy
@that1618guy
12-19
Tmrw is the settlement for $BTC Dec 19 OpEx. Rn the house has a massive incentive to keep price tethered to $90k max pain (~$4.5B in open interest). Imo potentially why $91-92k BTC keeps getting sent back down and we’re seeing bids at the 85k range lows. Couple this with the
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