$6.2 billion $BTC options expire at the end of the month. Currently, the coin price is $77,250, which is higher than the maximum pain point of $75,000. The maximum pain point is where options sellers most want the price to stay, so that the buyers' premiums become zero, giving institutions motivation to push the price down and target $75,000.

However, nearly $400 million in put options around $75,000 act as a strong defense line, making it difficult to break through easily. Above, the $80,000 level has the densest call options worth $532 million, and as the price approaches, institutions will sell Bitcoin to hedge, creating strong resistance, making a single breakout difficult.
Therefore, before settlement, the price is likely to oscillate between $75,000 and $80,000 in a high-level consolidation. If the price drops to around $75,000–$75,500, it presents a chance to buy in batches at lower prices, so there's no need to panic and cut losses.
In the unlikely event of a sudden major positive news causing a forced breakthrough above $80,000, institutions will be forced to chase buy, triggering a stampede-like surge, but the probability of this happening is relatively low.