Today is a critical juncture — the Bitcoin options market is about to experience the largest settlement in history, with $23.6 billion in contracts pending clearance.

Recently, the market has appeared calm. During the Christmas holiday, it has been consolidating with no major moves on the surface. But you should know that this kind of "calm" often conceals energy, and options settlement is like a fuse.

In the next two or three days, this settlement could directly trigger significant volatility in Bitcoin prices — this is basic options mechanics. Even more interesting is that next Monday, after major Wall Street traders return to work, market liquidity will increase significantly. Meanwhile, gold and silver have been on a strong upward trend recently, which will further increase uncertainty in risk assets.

Overall, Bitcoin may be brewing an important "performance moment" — whether upward or downward, the settlement in the next two or three days and Wall Street's participation early next week could both serve as triggers for intense volatility.