Today is December 25, 2025, Christmas in the Western world, and also an extremely significant milestone in the crypto circle.

If you observe today's market, you'll notice that Bitcoin is bouncing around near the $90,000 mark, with both bulls and bears seemingly holding their breath. This is not surprising, because tomorrow—December 26, 2025—we will witness the largest options expiration in the history of cryptocurrencies.
Recently, the renowned research institution Sentora Research released a groundbreaking report with a highly shocking core insight: once the options pressure of tomorrow is lifted, Bitcoin will be completely freed from constraints in 2026, with a target directly aiming at $150,000.
As an investor deeply involved in the market, we must see through the three layers of logic behind this.

First layer of logic: The largest "tightening spell" in history is about to be lifted

Why has Bitcoin recently failed to break above $100,000? The answer lies in the derivatives market.
According to data from platforms like Deribit, the nominal value of options expiring tomorrow reaches as high as $24 billion. This is a huge amount of capital capable of influencing short-term trends. More importantly, a large number of call options are concentrated around the psychological threshold of $100,000.

Market makers' "suppression" game

To hedge risks, market makers selling these options must perform dynamic hedging. When the price approaches $100,000, they often offset their positions by selling the underlying asset.