Bitcoin slips below $88,000 as traders brace for $28.5 billion Deribit options expiry

Bitcoin has experienced a notable decline, slipping below the significant threshold of $88,000, as traders prepare themselves for the impending expiration of a massive $28.5 billion worth of options on the Deribit exchange. This event has prompted heightened caution and strategic positioning among market participants, as they anticipate the potential impact of the options expiry on Bitcoin’s price movements and overall market dynamics. source: https://www.coindesk.com/markets/2025/12/22/crypto-markets-slip-further-as-traders-brace-for-usd28-5b-deribit-expiry