Bitcoin Stalls Below $90K

Benzinga

Trader Trader Mayne said Bitcoin’s volatility has been suppressed by heavy options positioning but could break out in early 2026 as large expirations clear, with accumulation from whales and firms like MicroStrategy offsetting retail fear.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Bitcoin remained below $90,000 as gold and silver hit record highs,

00:07according to commentary from trader Main. He said on his podcast that Bitcoin is

00:11experiencing suppressed volatility that could end as 2026 begins.

00:17Main pointed to the expiration of $27 billion in crypto options on Deribit as a key catalyst.

00:23He said heavy options positioning had gamma-pinned Bitcoin between $85,000 and $90,000.

00:30With much of that exposure cleared, he said that price constraints have eased.

00:35On-chain data shows whales and firms such as MicroStrategy accumulating,

00:39while smaller wallets sell amid extreme fear.

00:44Main views the divergence as temporary. He expects a strong start to 2026,

00:49followed by a weaker second half.

00:50For all things money, visit Benzinga.com.

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