#期权市场 This Friday's options expiration is going to be explosive, with $28.5 billion in contracts expiring simultaneously. This scale is twice as large as the same period last year. The most outrageous part is that $23.6 billion worth of BTC options are set to expire, breaking historical records.

The key point is that the overall outlook for these options is bullish, with the maximum pain point at $96,000, which means there is significant upward pressure on the price. The Christmas holiday liquidity is already thin, and gold and precious metals are still bleeding, so a record-breaking expiration will definitely amplify market volatility.

Data from Deribit shows that BTC options account for more than half of their total open interest, indicating a high concentration of risk. In the short term, this event could act as a catalyst for the market, but the actual movement will depend on spot performance and the battle between buyers and sellers. There's a bit of tension in the air, so we need to keep a close eye.