Tomorrow, there’s a massive options expiry event. Once market makers unwind their related hedging positions, the support and resistance levels formed by the options structure will temporarily lose their effect. In the short term, this could amplify BTC’s volatility until all participants place new bets with real money, creating a new capital structure in the market. If BTC pulls back near the previous low (around 80k-82k), I actually think it could be an opportunity to bet on a 'short-term rebound.' The volatility during this capital structure vacuum period doesn’t necessarily signal the start of a new round of crashes. Plus, I’m currently seeing a signal of 'bullish divergence' on a smaller scale in the 'price vs. capital inflow gradient.' The 'price vs. capital inflow gradient' measures the relative momentum change between BTC’s price movement and actual capital inflows. When the rate of capital outflow is smaller compared to the rate of BTC’s price decline, it can be interpreted as a correction to the downtrend, indicating a need for a rebound. In Chart 1 and Chart 2, I’ve marked four instances during 2024-2025 and 2021-2022 where 'bullish divergence' signals appeared. Each time, BTC experienced rebounds of varying degrees, or even trend reversals. However, considering the current overall market sentiment is still in a bearish recovery phase, the former scenario is more likely. ---------------------------------------------- Bitget VIP, lower fees, bigger perks!