The most hardcore warning on the entire network! Bitcoin options worth 23.6 billion, the largest in history, expire tomorrow. This time, retail investors are highly likely to be bloodied!

This time, retail investors are almost completely going to be harvested! The 23.6 billion Bitcoin options, the largest in history, officially expire tomorrow afternoon. Reviewing the past three years with five expirations exceeding 5 billion, a strict rule has been summarized: prices tend to fall before expiration, spike to extremes at expiration, and then rebound technically afterward. But reality is even harsher: 90% of blindly bullish retail investors are precisely swept out, and 80% of those panic-selling and clearing their positions miss the subsequent rebound entirely. In the current weak market, market makers' harvesting this time will be even more brutal and thorough!

Why is this options expiration absolutely a slaughter day for retail investors?
First, recognize a brutal truth: options expiration is never an opportunity but a naked day of harvesting! Expiration doesn’t guarantee absolute rise or fall, but it will definitely push short-term volatility to the max. Prices will be forcibly pinned near key strike prices, repeatedly tugged back and forth, with both long and short positions being crazily squeezed and forcibly reset. Ultimately, most retail investors will not escape the fate of being harvested.

Looking back at September 27, 2024, with only 11 billion options expiring, Bitcoin directly plunged from 64,500 to 62,870 in an extreme spike, then within 24 hours rebounded back to 65,000. The volatility within 72 hours exceeded 8%. Nearly 90,000 contracts were liquidated across the entire network, with both longs and shorts being squeezed and killed.

And this time, with an epic 23.6 billion options expiring, the data signals are all deadly: the maximum pain point is 96,000, with only 0.38% bearish options, while the open interest in bullish options is 2.6 times that of bearish! The core message of this data is: retail investors are collectively extremely bullish, with consensus sentiment fully bullish.

Market makers’ harvesting logic remains unchanged: before expiration, they will do everything possible to precisely push the price near 96,000. If Bitcoin finally settles at this level, 97% of bullish options will become worthless, and longs will collectively be liquidated and exit; meanwhile, shorts will be terrified into panic closing by extreme spikes, allowing market makers to directly earn the maximum profit. This is naked, precise harvesting!

The only survival strategy for everyone: do nothing before expiration, stay firmly on the sidelines!
During such a large options expiration, only watch the show before settlement—do not open new positions; all entries are a gamble for life. After settlement, once the market direction is fully clear, then look for opportunities to position. If there is even a hint of uncertainty, the only choice is to stay flat!

Finally, a warning to everyone: facing the largest options expiration in history with over 200 billion, the market has only two ways to die—blindly bullish, being precisely squeezed and swept out, or panic clearing, missing the rebound after cutting losses at the bottom.

Remember this: on options expiration day, it’s never about betting on the direction but about fighting risk control. Survive Friday, and you’ll have all the opportunities next week!

Follow the captain, avoid the big options harvesting traps, precisely grasp the certainty of the market after expiration, scan the QR code to join the chat room, only make steady arrangements, and avoid reckless gambling!