Bitcoin (BTC) has shown strong performance recently, rebounding nearly 10% in less than a week, successfully breaking through the previously regarded key resistance range of $106,000 to $108,000, even bypassing the $103,000 to $105,000 hurdle from May. This strong upward momentum has led long positions to focus on the next important psychological barrier - $110,000. However, the road to new highs is not smooth sailing. Today (27th), $15 billion worth of Bitcoin options are set to expire, and a large number of open contracts are concentrated in the high gamma area, undoubtedly adding uncertainty to the market. Will this massive options expiration event bring volatility to the crypto assets market or set a bullish tone for Bitcoin's performance in the third quarter?

According to ChainCatcher news, the decentralized AI computing network AINX announced the completion of a $2 million seed round of financing, led by Alpha Gamma. AINX is developed by Helioq Labs, a research-driven protocol team dedicated to building censorship-resistant, user-sovereign infrastructure for Web3. AINX's upcoming roadmap includes the launch of NodeX 100, the introduction of a multi-chain computing rental market, and the release of customizable AI agents and multimodal content generation tools. In the future, the team also plans to achieve cross-chain compatibility, release SDKs for integration, and build a Decentralization AI model marketplace.

The stock market is experiencing severe fluctuations due to insufficient liquidity and Bots driven by headline news. False tweets regarding Trump's tariff plans have propelled the market to Rebound, causing the stock market to rise again. Traders and market makers are struggling to cope with market fluctuations, but the lack of liquidity has made trading expensive. The S&P 500 index recently surged over 3% in one day, and the market remains in a state of turmoil. The founder of Spot Gamma pointed out that large orders can impact the market.

On February 24th, PANews reported that Adam, a macro researcher at Greeks.live, released a Chinese community brief, revealing differences in opinions among ETH options traders regarding the $2800 level. This is mainly due to the high concentration of gamma at this level. Most people believe that the performance of US stock ETFs will determine the breakthrough direction, and recommend caution before the market opens. In addition, there is strong bearish sentiment towards SOL, believing that it is forming a large M-top pattern and is expected to test the $120 support level.

Panic dumping and liquidation in the Asian morning session caused BTC and ETH to fall to lows of $49,000 and $2,116, respectively, with Jump Trading and Paradigm VC's aggressive ETH dumping seemingly being the direct trigger. Market makers scrambled to cut shorts gamma, which may have exacerbated the trend. At the same time, macro sentiment deteriorated due to poor US unemployment data, and large-scale Close Position of various assets led to a sharp rise in volatility. Global risk aversion is beginning to spread, but futures basis and funding rate are performing well.

The outlook for Ether is optimistic, with the potential to rise to $4000 after breaking through $2800. Some believe that under low Liquidity on the weekend, it may break through $2750, but there is a risk of falling to $2600. The Options market implies an increase in Fluctuation, requiring market makers to do DeltaHedging. Market structure shows a strong upward momentum, lacking resistance.