#数字资产市场动态 Today, the spot market is experiencing a rare large-scale options expiration cycle—approximately 300,000 BTC options are expiring simultaneously, corresponding to a notional value of $23.7 billion. Including $ETH and related contract positions, the total scale approaches $28.5 billion, double the level of the same period last year.

From a technical perspective, $BTC has been repeatedly blocked above the Vegas channel on the 4-hour chart for five consecutive times, currently entering the sixth attempt. Will this time effectively break through, or will it repeat the previous pullback pattern? The market's widely关注ed key delivery price anchor is around 95,000, but there is still a considerable distance from the current price.

For $SOL and other mainstream cryptocurrencies, caution is also advised regarding volatility during the delivery period. It is recommended that traders without positions patiently wait until the delivery is completed and the market stabilizes before seeking better entry opportunities, avoiding blind follow-up in high-volatility areas.