Bitcoin rebounds to $88,000, with the options expiration date approaching, the market is on standby.

Source: BlockMedia Original Title: [Market Update] Bitcoin Slightly Rebounds to 88,000 Ahead of Options Expiry Original Link:

Market Overview

As of 8:30 AM on the 22nd, Bitcoin was quoted at 131.68 million KRW on domestic exchanges, with a 24-hour increase of 0.17%. The premium rate in South Korea is 0.81%.

In terms of global exchange market trends, Bitcoin has risen by 0.12% to $8,839.7. Ethereum (ETH) has increased by 0.61% to $2,992, while a certain exchange's coin (BNB) has risen by 0.39% to $856. Ripple (XRP) has fallen by 0.63% to $1.92, and Aster (ASTER) has decreased by 2.48% to $0.707.

The expiration of options is imminent, with a lack of macro events.

The digital asset market is facing the expiration of approximately 34 trillion won in Bitcoin options on the 26th of ( Coordinated Universal Time ), entering a phase of uncertainty. However, this week the impact of macroeconomic variables is relatively small, and the market has shown a slight rebound.

Analysts indicate that after the December Federal Open Market Committee ( FOMC ) rate cut, macro uncertainty remains high, and the market is long-term in a bearish dominant environment. This week, due to the lack of major event schedules, it is expected to reduce market fatigue and response difficulty.

Position Analysis

According to data statistics, the long liquidation scale in the last 24 hours was $74.02 million, about 17% higher than the short liquidation amount of $63.20 million. Among them, Bitcoin (BTC) had the highest liquidation, reaching $24.55 million; Ethereum (ETH) had a liquidation scale of $22.15 million.

However, the expectations for an increase remain. Based on a 4-hour basis, long positions have only decreased by 25.14%, while short positions have decreased by 40.42% during the same period. Therefore, the size of long positions reached $238,000, approximately 1.3 times that of short positions at $182,000.

Whale Investor Trends and Market Sentiment

Whale investors also show a bullish advantage. Based on a leading exchange, the proportion of short sellers compared to long investors is 2.04% on an account basis and 2.26% on a position basis, with long positions holding the advantage.

Digital Asset Market Investment Sentiment Indicator - Fear and Greed Index (Fear&Greed) remains at 20 points, unchanged from the previous day. The closer the index is to 0, the stronger the selling sentiment, while the closer it is to 100, the stronger the buying sentiment.