The previous post mentioned that the main reason for the sharp drop of $BTC $ETH is the options expiration.
Today, 12 billion options are expiring, with the maximum pain point at 85000, which is also the reason for the intraday sell-off.
Max pain or the maximum pain price is the strike price with the most open interest for put and call options, which will cause the most financial loss to option holders at expiration.
The price of 85000 has also been mentioned before as the dividing line between long and short positions, and the maximum pain point coincides exactly with this area of concentrated chips, with the expectation being that it will be close to 85000 or a spike, but will not effectively break below 85000.
Kun Ge can always know the first news front.
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