๐จย WHY BITCOIN IS STUCK AND WHY IT WONโT LAST
If youโre wondering why $BTC keeps orbiting the $85Kโ$90K zone despite constant attempts to break out, hereโs the real reason.
This isnโt trader indecision. Itโs options mechanics.
Bitcoin is pinned near a key options pivot aroundย $88K.
Above ~$88K
Market makers are forced to sell into strength and buy pullbacks.
Rallies get suppressed and dragged back toward equilibrium.
Below ~$88K
The dynamic flips. Selling amplifies volatility instead of absorbing it, making downside moves sharper.
Thatโs why price keeps snapping back to the same area.
Now look atย $90K.
Thereโs a dense cluster of call options there. Dealers are short those calls, so every push toward $90K forces them to hedge by selling spot BTC. What looks like organic selling is actually mechanical supply right where momentum traders expect a breakout.
On the flip side,ย $85Kย is packed with puts. As price dips, dealers hedge by buying spot, causing fast rebounds.
Result: a tight, artificial range that feels stable but isnโt.
The key is timing.
A large portion of this options exposure expires onย January 30, 2026. Once that expiry passes, the pin disappears not because sentiment changes, but because the forces holding price in place vanish.
