Bitcoin Struggles in $81K Range, Signaling Potential Volatility

Bitcoin’s price currently hovers around the $81,000-$89,000 range, marked by a volatile period of sustained losses. Daily realized losses exceed $403 million, signaling a market struggling for stability. Short-term holders face substantial challenges with their cost basis near $83,700 and profit/loss ratios at historic lows of just 0.07x, indicating a potential capitulation point. The limited liquidity, coupled with deleveraging futures and defensive options positioning, creates conditions ripe for sharp price fluctuations in either direction following the December expiry.