Next Friday, the largest scale of 23.6 billion Bitcoin options will expire, which will have the following key impacts:

1️⃣ Volatility will significantly increase: A large number of options will expire simultaneously, with trading and hedging concentrated, making prices more likely to rise or fall rapidly.

2️⃣ Prices may be pulled towards $96,000: The maximum pain point is at $96,000, and the price is likely to oscillate around this position in the short term.

3️⃣ Breaking key price levels will amplify the market: Once it clearly stands above $100,000 to $120,000, or falls below $85,000, the speed of price fluctuations may significantly increase.

4️⃣ Concentrated liquidation risk could erupt: High-leverage positions are more likely to be liquidated in a chain reaction around the expiration, amplifying short-term volatility.

5️⃣ Determining the rhythm for the next phase: After the options expire, the reallocation of funds often influences the market direction in the following weeks. #比特币流动性