Bitcoin Consolidates at $86,000 Ahead of $16 Billion Options Expiry

Bitcoin is consolidating near $86,000 as the market prepares for a quarterly options expiry on September 25, involving approximately $15.9 billion in open interest. Data from Deribit shows a strong bias toward call options, with significant open interest at the $85,000, $90,000, and $100,000 strike prices. The $85,000 level serves as a key short-term support, while the $100,000 strike represents a major long-term bullish target. The expiry is scheduled for 08:00 UTC on Friday.