Since Bitcoin has risen by 1.29% from June until now, many people might think it's fine to just hold on, betting on whether it will go up or down, but in fact, a storm may be brewing.

Today, over 3 billion dollars in BTC options are expiring! What does this mean? Simply put, it's like a ticking time bomb that could explode at any moment, causing intense market fluctuations.

Currently, the liquidation chart shows that the maximum pain point price for the 30-day period is the long position at 111,200. Only if BTC stands at this position can those caught in the middle of the climb escape unscathed; however, Bitcoin is still fluctuating around 105,000, similar to Ethereum at around 2,550.

In terms of capital flow, the total inflow over the past three days is 650 million, all coming from traditional institutions and spot contrarians. It seems that funds are flowing in, but for BTC to make a strong rebound in the short term, it still lacks some momentum.

If it cannot quickly push back above 107,000, there may be a downward movement coming up.

In fact, the best approach during a range-bound fluctuation is to trade within the range, rather than heavily betting on its rise or fall, which is extremely risky.