【4E: $4.3 billion Bitcoin options expiration is approaching, market bullish sentiment is rising】On September 12, according to 4E observation, after Oracle (ORCL) released good news on Thursday, the price of Bitcoin soared to $114,000, reaching a two-week high. The market expects that the $4.3 billion BTC options expiring on Friday may serve as an important catalyst for further market rallies. In this options cycle, the value of put contracts is $2.35 billion, while the value of call contracts is $1.93 billion, but as BTC rebounded from early September lows, bullish positions gradually gained an advantage. Some analysts expect that if the trend continues, BTC is likely to challenge the $120,000 mark. On the regulatory front in the U.S., Senate Democrats recently released a framework for the (Crypto Market Structure Bill), which has sparked optimistic responses from the industry and Republican leaders. The framework emphasizes token jurisdiction, trading platform regulation, and allocation of enforcement resources, indicating an expansion of bipartisan cooperation. Senator Lummis stated that this is a positive step in the bipartisan effort for crypto legislation. Asset management giant BlackRock plans to launch a Bitcoin ETF in the UK next month, continuing its global expansion strategy. JPMorgan's latest report also points out that institutional adoption is still in its early stages, but momentum is increasing, with CME crypto derivatives positions reaching an all-time high. Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, reminded that currently only 'recognized providers' can issue regulated stablecoins, and investors purchasing unlicensed stablecoins must bear the risks themselves. 4E reminds investors: The expiration of derivatives and policy expectations may amplify short-term volatility; investors should pay attention to macro and regulatory signals and manage their positions cautiously.
