#比特币期权交易 Recently, I came across an interesting market phenomenon and wanted to share it with everyone. The recent $23.6 billion Bitcoin options expiration may seem like a technical event on the surface, but it actually reflects real changes in market structure behind the scenes.

Previously, the market was "pinched" by the liquidation effect, and many price fluctuations were not driven by genuine supply and demand, but rather mechanical responses to hedging activities. Now, this suppression is gradually easing, and the price discovery mechanism is beginning to be dominated by the market itself — in other words, the market is starting to tell the truth.

At the same time, looking at the macro perspective, the US M2 money supply has expanded for 21 consecutive months, indicating that liquidity conditions are continuously improving. This is not a short-term fluctuation but a long-term trend becoming evident.

However, I want to especially remind everyone that a good market environment and good investment decisions are two different things. An improving environment does not mean you can blindly leverage or go all-in on options trading. On the contrary, the better the wind is at your back, the more you need to stay alert. The high multiple returns of options come with high risks, and position management and risk awareness should always come first.

Those who truly earn long-term gains are often not the most aggressive traders, but those who make rational decisions at the right time. Take it slow, and you'll get there faster.