Amid the ever-changing digital currency market, a $930 million Bitcoin option is about to expire today, attracting widespread attention from investors. As short pressure continues to increase, market sentiment is becoming increasingly tense. This means that investors will face major decisions, and the market will also usher in uncertainty and volatility. Let's take a deep dive into this hot topic and see where the market will go in the future.

Bitcoin has always played an important role in the digital currency market. Recently, a $930 million Bitcoin option is about to expire, and this news has caused quite a stir in the market. Investors are full of expectations and concerns about the market trend after the option expires. The continued increase in short pressure has cast a shadow on the market, and investors have to respond cautiously to prevent the sharp fluctuations in the market from causing them losses.

With the rapid development of the digital currency market, Bitcoin option trading has become an indispensable part. The expiration of options often leads to violent fluctuations in market sentiment, and investors need to make wise decisions to avoid risks and gain returns. The expiration of $930 million in Bitcoin options has put the market in a tense atmosphere. The increase in short pressure makes the market more unpredictable, and investors need to respond cautiously to avoid being hit by the market.

In the digital currency market, the competition between short and long forces has always been an important factor in market fluctuations. The expiration of $930 million in Bitcoin options means an increase in short forces in the market. The continuous increase in short positions and selling behavior of shorts has gradually increased the short pressure in the market. Investors need to pay close attention to market trends and adjust their investment strategies in a timely manner. The future trend of the market will depend on the competition between short and long forces. Investors need to remain vigilant and be prepared to respond to market changes at any time.

In general, the expiration of $930 million in Bitcoin options will bring a major impact to the digital currency market. The increase in short pressure has made market sentiment more tense, and investors need to keep a cool head and respond rationally to market fluctuations. The future market trend is still full of uncertainty. Investors need to pay close attention to market dynamics and flexibly adjust their investment strategies to seize market opportunities and avoid risks. In the ever-changing digital currency market, only caution and calmness can remain invincible in the waves of the market.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Crypto data tracking platform Bybt shows that among all option contracts before the deadline, Deribit exchange has the largest holding volume of 86.8%, with a long-short ratio of 1.49, with longs accounting for 125,508 BTC and shorts accounting for 84,112 BTC.

However, at 8 a.m. UTC today (21), a total of $930 million worth of BTC expired. According to Bybt data, among the contracts expiring today on various exchanges, longs accounted for 11,872 BTC and shorts accounted for 11,562 BTC, with a long-short ratio of 1.03.

Compared with the Bitcoin price of about $41,000 before the deadline, according to a report by foreign media Cointelegraph today, only 15% of buyers have a strike price below $44,000, and the remaining 85% may not execute; 1,850 BTC neutral long call options around $44,500 also represent a $75 million position. At the same time, 88% of the put options have a strike price above $36,000.

Although the situation seems balanced, it means that the pressure on short positions is increasing for the derivatives market that is long in the long term. "CoinTelegraph" also commented: "Unlike futures contracts, there is not much benefit in rolling over the losing position to next week. When approaching the expiration date, the BTC option priced at $50,000 is now actually worthless. This is why the current strong short side may continue to exert pressure."

Future currency price trend? 

Although the BTC price trend is still in the turbulent fluctuations, celebrities from all walks of life have also expressed many different opinions on BTC's sharp correction of 53% from its historical high this week.

For example, Yann & Jan, co-founders of the data tracking platform Glassnode, quoted over-the-counter (OTC) data today and commented that Bitcoin's long-term trend is still optimistic, and they believe that no matter how low Bitcoin falls this summer, it will not last too long. They also admitted that they will continue to hold BTC for a long time.

However, the giants in the traditional financial world don't think so.

According to previous reports, Scott Minerd, chief investment officer of hedge fund Guggenheim Partners, changed his previous prediction that BTC could reach $400,000 to $600,000 after this plunge, and denounced BTC as nothing more than tulip mania.

David Lifchitz, chief investment officer of crypto asset management company Exo Alpha, also said in an interview with foreign media Cointelegraph today that some cryptocurrencies are indeed over-hyped, but this pullback has also cleaned up these cryptocurrencies.

"This wave of pullbacks is the last round of flushing (flush-out) against the irrational bull market, the craze for junk coins, and other ridiculous market phenomena in the past few months."