This week's quarterly delivery triggered a market pullback

1. The cryptocurrency market adjusted due to the impact of quarterly options delivery, with BTC dropping to a low of $85,000 and ETH falling below the $1,920 mark. The overall market trend this quarter showed a wide-ranging fluctuation pattern, ultimately closing at the lower end of the range, with market performance falling below most investors' expectations.

2. Data shows that this delivery volume accounts for more than 40% of the total open interest in contracts, and the clearing scale of the derivatives market reached $113 million, exhibiting a typical double kill pattern for both bulls and bears.

Currently, it is recommended to remain on the sidelines and wait for the market to complete its technical adjustments and form effective support before considering entry strategies.