Well, I followed today's quadruple witching, and it's serious. We're talking about over $7.1 trillion in options expiring at the same time, which is literally the largest expiration ever seen according to Goldman Sachs. Just to give you an idea, $5 trillion are linked to the S&P 500 and $880 billion to individual stocks. Cryptos are no longer isolated from all this, so naturally, we're feeling the turbulence.

I looked at the history of 2025, and the pattern is clear: Bitcoin tends to stay flat or even drop on the day of witching, then weakness continues in the following days. In September, we saw a massive drop after the event, with Bitcoin falling from 177,000 to 108,000. Also in June, the bottom came two days later. So now, with $7.1 trillion in exposure settling, it's no surprise that markets are moving.

As I write this, BTC is around 77.5K, ETH at 2.32K, XRP at 1.42, and SOL at 85.73. The fear and greed index is at 30, so we're really in the red. And it's not over; there are still $13.5 trillion in crypto derivatives expiring on Deribit within a week. Traders are mostly positioning for volatility rather than strong directional bets, which tells me no one is really expecting a clear rebound. It's defensive trading for now.