Bitcoin Whipsaws From $89,000 To $85,000, Liquidates $120M: What’s Driving Volatility?
Posted On December 18, 2025
Bitcoin (CRYPTO: BTC) remains trapped in a volatile $85,000 to $90,000 range, struggling to sustain upside even after softer-than-expected inflation data.
What Happened: Bitcoin’s volatility is spiking ahead of a massive $23 billion options expiry next week, Bloomberg reported on Thursday.
BTC briefly surged to $89,430 before reversing sharply and now sits roughly 30% below its October peak near $126,000.
Options markets are leaning bearish.
Thirty-day implied volatility is near 45%, skew is negative, and traders are pricing downside …
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