James Van Straten|Dec 21, 2025 10:25
Bitcoin held $85k like a champ, amid all the macro doom events.
The bottom was exactly 30 days ago.
My base case is a few more days of chop until options expiry.
BTC then pushes toward $92k–$98k shortly after. Helped by a Santa rally, and possible max pain drift.
A gamma squeeze as well with a directional breakout as market makers hedge/expire positions, rebalance flows.
A breakout above 92k would enter negative gamma territory.
That’s how I’m positioning myself.(James Van Straten)
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