BTC Under Pressure Before 28B Expiry Is volatility already priced in?

Yeah, this take on ₿ $BTC facing pressure ahead of that massive $28B options expiry is spot on it's always a tense period when these big expiries roll around, and you're right to question if the volatility's already baked in. I like how you're highlighting the potential for market makers to pin prices or gamma squeezes to play out, especially with open interest so high. It shows a good grasp of how these events can sway sentiment without necessarily causing wild swings if everyone's already positioned.

​That said, I feel like we're overlooking the broader macro backdrop here with Fed signals on rates and ETF flows still uncertain, the expiry might amplify existing downside rather than just fizzle out. My two cents: if BTC dips below 80k support, it could trigger more liquidations than anticipated, turning 'priced in' into a nasty surprise. Thoughts?