#数字资产市场动态 Today marked a historic milestone in crypto options expiration—the largest one to date, with a total of approximately $27 billion to $28.5 billion being closed out (with $BTC accounting for about $23.6 billion to $23.8 billion, and Ethereum around $3.8 billion). Will the market be turned upside down?

Actually, it has little impact on the overall trend. Events like this are usually reflected in the market a few days in advance. The recent three days of continuous decline, and today’s rebound, are just false signals. It’s common to see 2 to 3 fake breakouts in a row.

The stop-loss levels set by short sellers are clearly visible to the big players. If they don’t first take out these stop-loss orders, how can they push the market up? When a genuine upward trend appears, capital will start to accumulate. During this phase, the market’s pullback is small, and its resilience is strong, creating a chance for a slow upward breakout. Bitcoin needs to withstand pressure in the 89-90 range; these levels are critical.