Options, policies, and position structures intertwine, and BTC faces a critical test at the $60,000 level

According to a post on X by 10x Research, the upcoming days will be a decisive window for whether the $60,000 psychological threshold can hold or be broken through, as Bitcoin options expiration dynamics, policy uncertainties, and market positioning converge.

Analysis indicates that the current market does not view this scenario as a "tail risk," but rather as a setup for an imminent real-world event.

This also means that once the market makes a directional choice, price volatility could accelerate due to the "gamma effect" turning negative and crowded positions, far beyond what fundamentals alone can explain.

Moreover, the current political backdrop is pushing risk assets into a consolidation phase, and any recent major shifts could have profound impacts on the market.

Overall, the market is facing a "triple threat" of "internal troubles," "external challenges," and "intense volatility." The combination of position structure, policy uncertainty, and volatility dynamics has shattered previous optimistic expectations.

Therefore, investors should not expect short-term quick riches or rapid market reversals. Instead, they should abandon blind impulsiveness and approach the current risks and opportunities with calm patience and objective realism.

In this context, for market participants, the key is not to predict but to accurately understand probability distributions and assess whether their positions are reasonable. This should be the core focus and strategic goal for investors right now.

Finally, do you think the $60,000 level is merely an occasional low-probability event, or is it gradually approaching, with the probability continuously rising, potentially becoming a realistic baseline scenario? Share your views and opinions in the comments!

#比特币 # $60,000 level