Bitcoin's market is anticipating a significant options expiry on December 26, valued at approximately $23.6 billion, the largest on record. Analysts predict this event could trigger substantial short-term price volatility as market makers adjust hedges. Traders are monitoring support levels between $80,000 and $82,000, with some early bullish signals suggesting a potential temporary recovery. Experts caution that high volatility during low liquidity periods doesn't necessarily indicate a market crash.