Epic anomaly! The biggest options expiration day in history strikes suddenly, with the 95,000 key level becoming the core of the bulls and bears battle. This rally hides a fundamental logic!

$7.1 trillion in notional contracts are concentrated in expiration, making it a "super delivery day" in the financial market. Institutional hedging and rebalancing operations directly trigger a flood of capital. The 95,000 level, as a historic trading focus, conceals the "largest pain point" attraction of options. Coupled with the fierce battle between long and short positions, it becomes the core anchor point for capital to push prices up. The convergence mechanism of futures and spot prices on delivery day forces market makers to close positions intensively to hedge risk. Massive buy orders flood in, directly pushing up the price. This anomaly is precisely an inevitable reaction to the tidal capital flow on delivery day!