#BTC资金流动性 $BTC Options Major Event Warning: $23.6 Billion Expiry Will Trigger Market Reshaping

Pay attention to this date—December 26. According to the latest data from the on-chain analytics platform, Bitcoin will face the largest options expiry in history, involving nearly $23.6 billion. This is no small event.

Currently, the price is oscillating within a range, and trading activity is not very high. What does this reflect? Market sentiment is actually quite "cold"—trading volume is declining, institutions are not rushing to build positions, and retail investors are mostly watching from the sidelines. Volatility continues to decline, indicating that large funds are temporarily holding back.

But there is a detail worth noting: the price of put options remains higher than that of call options. At first glance, this seems bearish, but from another perspective—this actually limits the possibility of a sharp decline because the market has already digested the risk expectations.

What will happen on the expiry day? Market makers will need to rebalance their risk exposure, which is akin to a forced "reset." Many positions will be closed, transferred, or rebuilt. After the holiday season ends and funds become active again, and positions are sorted out, market volatility often tends to increase significantly.

What should retail investors do? First, avoid blindly chasing rallies or panicking during declines; the market is likely to remain choppy and consolidating during this period. Lower leverage and safeguard your positions are the top priorities. Also, pay attention to signals of funds entering after the New Year. Once volatility begins to expand, it often signals opportunities are emerging.

Having a plan is better than having none, and patience is stronger than impatience. Focus on risk management, and the market opportunities after the New Year will naturally come to you.