#美联储回购协议计划 The $23 billion options settlement at the end of the year, officially kicking off tomorrow at 4 PM. This is not just a number — it's the largest in crypto history, with an outrageously heavy weight.

After the settlement day, no one can predict how the market will move. But we can look back at the "patterns" of the past three months —

In September, the $18 billion settlement finished on Friday, with a quiet weekend, then a surge in the early hours of Monday, smashing from 108k to 126k.

In October, $13 billion, repeated the pattern: settlement on Friday, silence over the weekend, then a sharp drop early Monday, falling from 110k to 100k.

November repeated it again, with a $13 billion volume, plunging from 91k to 84k on Monday.

See? Doesn’t it feel a bit like a curse?

Following this rhythm, after tomorrow’s settlement, the most likely scenario is a sideways move over the weekend. The real big moves will have to wait until Monday (the 29th) — after the Christmas holiday, as retail investors gradually return. At that time, whether the levels of 85k and 90k can hold will be the real indicators of the next trend. $BTC, $ETH, $BNB — all will be watching this.

Anyway, the patterns before and after these settlements over the past three months are already written out.