#比特币期权交割 The $23.6 billion options settlement is enough to rewrite the short-term market rhythm. The moment market makers unwind their hedges, the previous support and resistance levels become as fragile as paper, and the market enters a phase of true capital structure vacuum—this is often when volatility explodes.

But the key point is, volatility ≠ a crash. Murphy's mention of the "price and capital influx gradient" bullish divergence signal is actually quite valuable; historically, this signal has always been accompanied by various levels of rebound. Currently, the market sentiment is indeed bearish, but this precisely indicates a higher probability of a rebound.

My plan is this: if BTC really retraces to the $80,000–$82,000 range, it presents a good short-term long opportunity. The prerequisite is to control position size—after all, the volatility around settlement dates is unpredictable, and you shouldn't bet your entire fortune. Consider entering in stages, choosing leverage multiples based on your risk tolerance, or directly follow experienced traders who have mature strategies for options settlement periods.

The key is mindset—don't be scared by volatility. Practice makes perfect, and market opportunities like this are meant to test your execution ability.