🔥 The big one is coming!!!
At four o'clock in the afternoon, the largest options expiration day of Q1 2026, nearly 40% of options are facing expiration.
First, let's look at the core data, $BTC this time the biggest pain point is 74000, but the current price is obviously far from it, indicating that the market has deviated from the main competition range. The long-short ratio is around 0.6, which superficially shows that the bulls are dominant, but the overall sentiment is actually cautious, even a bit 'strong on the outside but weak on the inside'.
Personal opinion: In the short term, it is highly likely to be a washout + harvesting, clearing out leverage and short-term funds, while also suppressing sentiment with an IV drop; the real direction is not at the moment of expiration, but after the expiration.
In summary: Now is the harvesting stage, not the stage of market initiation, don't rush to bet on the direction, first see how the main players clear the field.