#市场方向与资金流向 The $23.6 billion options settlement is indeed a historic scale. The market might be quite "interesting" tomorrow — after market makers unwind their hedging positions, the support and resistance levels previously maintained by the options structure will temporarily lose their effectiveness, and increased volatility is almost certain.

I've seen too many people get left behind during such times. The key point to recognize is: volatility does not equal the start of a crash; sometimes, it’s actually a prelude to a rebound. Data shows that on smaller timeframes, bullish divergence signals have already appeared — capital outflows are relatively moderate, indicating that although the market is somewhat bearish, the demand for recovery is genuine.

If BTC really retraces to the 80,000–82,000 range, it’s not a panic signal; rather, it’s worth paying attention to. Historically, four rebounds following similar divergence signals have yielded varying degrees of gains.

But what I want to say is — the most dangerous thing in the current market isn’t volatility itself, but those blindly chasing gains or losses during a capital vacuum. Wait until the structure stabilizes before making moves — that’s not cowardice, it’s the rule for surviving longer.