The bulk has already accounted for 75% of the current trading volume, especially with bullish options reaching a recent peak. 1.7 billion USD accounts for nearly half of today's trading, mainly consisting of deep out-of-the-money options with medium to long-term maturities.

We can consider that some long-term players have already begun positioning for this year's rebound. Based on past experience, after a period of consolidation and bottoming out, the market will initiate a rebound.
Currently, the market is still in the process of bottoming out. It is recommended to wait for a more certain rebound before entering the latter stage of the rebound, engaging in right-side trading, and avoiding left-side trading.