This Friday, Bitcoin will face the largest options expiration day in history, which may drive Bitcoin prices up. The key point is to understand that the options market provides expectations and insurance for the future, and does not create trends itself, but rather amplifies or buffers existing trends. Traders should focus on the overall market structure, the distribution of open contracts, and changes in the volatility surface shape when responding to these events, rather than relying in isolation on a single indicator such as the maximum pain point for decision-making. The complexity of the market means that no single model can fully predict price behavior, and risk management should always be the primary consideration. #bTc
