[Analysis Suggests Bitcoin Christmas Volatility May Be Related to Options Expiry] Crypto analyst Michaël van de Poppe stated that Bitcoin has recently fluctuated between $85,000 and $90,000, and capital inflows into the crypto market may require U.S. stocks to reach a local peak. Market analysis indicates that Bitcoin typically experiences 5%-7% volatility during Christmas, which is related to year-end options expiry. This Friday, approximately 300,000 Bitcoin options contracts (valued at $23.7 billion) and 446,000 IBIT options contracts are set to expire.