$BTC Bitcoin will have an options settlement worth $10 billion tomorrow

Many people don’t know what this means, so here’s a quick summary.
Tomorrow afternoon, Deribit’s monthly BTC options mega-settlement, with a scale of $10 billion.
Monthly settlement is not on the same level as weekly settlement. Among this $10 billion, a large amount of options positions must be closed or rolled over before tomorrow, and both longs and shorts need to handle their positions before the settlement.#BTC下探60000美元关键关口
What impact will it have on the market?
In the 24 hours before settlement, market volatility will increase significantly.
BTC is currently oscillating around $61.5K, and the "max pain" point for this options cycle is roughly between $60K and $62K.
What does that mean? It means options sellers most want BTC to settle within this range, so that all buyer options expire worthless and sellers take everything.
So from today until tomorrow afternoon, longs and shorts will repeatedly tug-of-war within this range. No one wants to get liquidated before settlement.
What happens after settlement?#以太坊基金会重组降本
Historically, after a large monthly settlement, the market usually chooses a direction.
Because all positions that needed to be closed are closed, all rollovers are done, the market structure becomes lighter, and even a small amount of capital can push the price.
How to respond?
Do not go heavy on positions before settlement, and do not bet on direction during the window period.#Ripple稳定币RLUSD获批登陆日本