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A quick look at the on-chain chip distribution shows that BTC has really accumulated over 1.2 million coins in the price range of 84500 to 87000. This magnitude directly occupies the first and second positions on the entire chain, providing considerable support.
Combined with the recent strong performance of the US stock market, the overall market sentiment remains intact, and there are no obvious negative factors in the short term. After today's options expiration, this massive amount of chips is highly likely to be activated. Whether it breaks above or consolidates below for a shakeout is still uncertain, but one thing is for sure: the upcoming volatility will definitely be significant. Be prepared, as the market may come very soon.
Once the delivery is complete, we'll be ready to strike. Just don't get washed out.
The sentiment for this wave of market movement is coming, everyone stay steady.
After options expiration, things indeed start to move, but I bet on a decline.
It's the same old story, waiting to be trapped.
Accumulation of chips does not necessarily mean a rise; history has shown that the opposite operation can earn more.
Good US stocks ≠ good in the crypto circle; don't deceive yourself.
Volatility can't be avoided, so why not profit from both long and short positions?