A quick look at the on-chain chip distribution shows that BTC has really accumulated over 1.2 million coins in the price range of 84500 to 87000. This magnitude directly occupies the first and second positions on the entire chain, providing considerable support.

Combined with the recent strong performance of the US stock market, the overall market sentiment remains intact, and there are no obvious negative factors in the short term. After today's options expiration, this massive amount of chips is highly likely to be activated. Whether it breaks above or consolidates below for a shakeout is still uncertain, but one thing is for sure: the upcoming volatility will definitely be significant. Be prepared, as the market may come very soon.