Today, $14.1 billion worth of $BTC options are expiring. What’s going to happen next? Looking back at previous massive expiration days, the pattern is pretty clear: Before expiration: Prices are pinned within a range. After expiration: Hedging unwinds, and prices start to breathe freely. That hand holding up the market? It lets go. Next, the market enters a 1–3 day 'vacuum period.' Here’s what you’ll see: Wicks up and down, stop-loss hunting, Bulls and bears reprice the market Expiration never determines price direction—it only does one thing: It exposes the 'true supply and demand.'