#比特币流动性 Tomorrow, BTC will experience the largest options expiration day in history, with volatility inevitably reaching its peak.

But the key here is not the expiration itself, but the concentrated unwinding of market maker hedging positions. Once all hedge positions are cleared, the support and resistance levels that previously held will become invalid. The market will enter a period of liquidity vacuum, price movements will become irregular, and volatility will be amplified indefinitely until new funds step in to restore order. The $23.6 billion in options expiring is essentially this process.

**Where are the short-term opportunities?**

After the expiration, if BTC quickly retraces to the 80,000-82,000 range, which was a previous dense trading zone, don’t panic immediately. During a vacuum period, a dip often doesn’t mean the trend is out of control; instead, it could be a short-term rebound entry point.

Smaller timeframe charts have already given signals: prices are falling, but the scale of capital outflow has not expanded simultaneously, and bullish divergence signs are emerging. This indicates selling pressure is weakening, and the market urgently needs a technical correction.

**Looking back at history**

In the cycles of 2021-2022 and 2024-2025, there have been four similar signals. Each time, BTC rebounded, with some even reversing directly. Currently, market sentiment remains cautious, prioritizing the pace of rebounds, so there’s no need to rush into predicting reversals.

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