#市场方向与资金流向 Tomorrow, Bitcoin options expiration will hit a record high—$23.6 billion. When I see this number, I’m not thinking about how much can be made in the short term, but rather what it signifies behind the scenes.

After market makers unwind their hedging positions, those price levels previously "artificially supported" by options structures will temporarily lose their support, and volatility may be amplified. This is the market’s process of rediscovering true equilibrium. Some analysts suggest that if BTC retraces to around $80,000–$82,000, it could present a short-term rebound opportunity.

But I want to remind everyone that volatility itself is not scary; what’s frightening is losing judgment amid the fluctuations. Historical data shows similar signals have appeared four times, each time leading to a rebound or reversal, but market sentiment was not always the same. Currently, the overall market is still in a correction phase, which increases the probability of a rebound, but this is not a certainty.

A truly prudent approach is to reassess your positions and mindset at such moments. If your capital allocation can withstand volatility, then face the market’s short-term turbulence calmly. If you’re not fully prepared for risks, rather than betting on a short-term rebound, use this opportunity to improve your safety awareness—understand the extent of volatility you can truly endure and clarify your long-term goals.

Market opportunities are always present, but your mindset and position management are only built once.