The recent scene was a bit crazy—the largest single-day options expiration in crypto history, with $28 billion settled just like that. Basically, it was a major liquidation event for both bulls and bears. And the result? Quite interesting.

BTC's biggest pain point is stuck at 95,000, ETH at 3100—these numbers should be support levels, but the prices turned around and broke through them all. This means a large amount of call options have become worthless, and short-term selling pressure was released instantly.

But that's not the most critical part. The real interesting signal appeared after the expiration: positions were massively shifted into March next year’s quarterly options contracts, and all of them are out-of-the-money call options. In plain language—big funds are betting with real money that there will be a significant rally in the first quarter of next year. This isn’t just talk; it’s concrete action.

The advice for retail investors is simple: don’t be scared by the current downturn. A poor Q4 is well-known, and it actually indicates that most of the negative news has already been priced in. Institutions have already started positioning; are you still dumping?

Options are something only professional players should touch—they’re hedging tools. But understanding this signal is crucial—smart money is already preparing for a mid-term rebound.

For spot trading, you can start entering gradually, especially when prices hit key support levels. Rapid declines are common in a bull market, but every rally begins quietly at the most desperate moments. Remember this logic—it’s a hundred times better than chasing highs and selling lows.