As the market rebounds, BTC's Gex has concentrated around 60K, with the previously scattered Gex structure becoming more centralized, mainly focusing on weekly and monthly options. The biggest macro event this week is SpaceX going public on June 12. As the largest IPO in the world, the liquidity shock facing the U.S. stock market is worth paying attention to. Recently, U.S. stocks have shown extremely high volatility, which has also had a significant impact on the crypto market. A large number of crypto investors have been pouring into the U.S. stock market, and the correlation between the crypto market and the stock market may continue to increase. The IV of options expiring this week has risen significantly, and the proportion of block trades has also continued to climb. Investors are positioning defensively in the short term, with strong demand for buying options in the near term.