#美国宏观经济指标链上化 280 Billion USD Options Single-Day Settlement Comes to an End, The True Story Behind Is Just Beginning to Surface

Just experienced a rare-scale options settlement—$280 billion in positions settled within a single day. This is not just a numerical event; it’s a thorough clearing of both bullish and bearish sides in the market.

The outcome of the settlement is quite interesting. BTC’s maximum pain point is set at $95,000, and ETH at $3,100. But now? Both prices have been broken through. A large number of call options have become worthless, and the short-term selling pressure has been completely released. It appears to be a victory for the bears.

But if you only look at the surface, you’ll miss the real signal.

What happened after the settlement? Big funds started quietly adjusting their positions—large positions shifted towards quarterly options for March next year, and the vast majority of these are out-of-the-money call options. To put it plainly: these institutions are betting with real money that there will be a significant rally in Q1 next year. They are already laying out plans for the next stage of the story.

A few truths for retail investors:

Don’t be fooled by the current bearish sentiment. The weak market in Q4 is no secret, but it also indicates that the negative factors have been fully priced in. Institutional money has already started moving; why are you still anxious?

Options are really not suitable for ordinary people’s hands. They are tools used by institutions for hedging. But understanding the logic behind them is most important—smart money is preparing for a mid-term rebound.

On the operational level, spot positions can start being accumulated gradually, especially when prices hit key support levels. A bull market is like this: sharp declines are just interludes in the journey, and the story always blooms in despair.

Remember this logic: settlement data speaks, and changes in institutional positions also speak. Learning to read these signals is more valuable than chasing market hype.