Today is the largest Bitcoin options expiration day of the first quarter, with the Deribit platform having nearly 40% of Bitcoin options expiring, involving around $15 billion in funds. The market volatility today is definitely expected to increase.

Although the largest delivery pressure is at $75,000, we are still far from this position, and the data shows that there are more bullish people than bearish ones. But everyone must pay attention that volatility will quickly decrease before and after the expiration; even if you are correct in your directional view, entering at high positions for short-term trades may still result in a directional gain that does not make a profit.

Currently, there is fierce competition between bulls and bears, with the market oscillating in the range of $69,000—$71,000 while waiting for direction. Many large traders have already moved their positions to June and September call options, indicating that they are still optimistic about the market in the second half of the year.

My advice is simple: before the options expiration occurs, try to watch more and act less, and don't get washed out by the spikes. It’s not too late to take action once the direction becomes clear. #期权交割 #特朗普希望尽快结束对伊朗战争 #国际油价下跌 $BTC