#数字资产市场动态 There is an event worth paying attention to on December 25th—$23.6 billion worth of Bitcoin options are about to expire. Honestly, this is the largest expiration date in Bitcoin options history.

What will happen when this number actually hits? Market makers will unwind their hedging positions, and the price support and resistance levels maintained by the options structure will temporarily fail. In this scenario, the volatility of $BTC is likely to be amplified—markets often move during the gap when capital shifts from one structure to another.

From a technical perspective, if during this process BTC returns to the $80,000 to $82,000 range, it could be a good opportunity for a short-term rebound. Don’t overthink the volatility caused by the vacuum in capital structure; it doesn’t necessarily signal the start of a new downtrend.

Even more interesting is that on a smaller scale, the comparison between price momentum and actual capital inflow (the "price and capital increase gradient") has already shown a bullish divergence signal. In other words, the speed of capital withdrawal is slower than the price decline of BTC, indicating the market is correcting its downtrend and that rebound demand is building.

Historical data is quite instructive—during 2024-2025 and 2021-2022, after four similar bullish divergence signals, Bitcoin rebounded each time, with some even reversing trend. However, considering the current market sentiment is still in a correction phase leaning bearish, the likelihood of a rebound is higher.

What are your thoughts?