David Lawant, head of research at cryptocurrency prime broker FalconX, wrote in a note that bitcoin's near-term price volatility remains "the most likely scenario" until a "bullishtrajectory" in Quarter 1 2025. "As we move into the final days of the year, the low-liquidity environment is likely to bring more volatility, especially as BTC could see its largest option expiration event in history on December 27," Lawant said.