This Friday will usher in the largest quarterly delivery in history, with the total delivery volume of BTC and ETH options exceeding US$15 billion.

If there is no special news, the price will fluctuate greatly during the week of options delivery, mainly shocks, because institutions will move positions.

One week after the delivery is completed, the price will be very, very stable, like stagnant water, because the position transfer is completed.

At this important time point, I focused on several important core indicators of BTC, which can already determine which stage of the bull market we are in now.