On February 28th, the BTC options market had a contract worth $4.97 billion due for delivery, with the biggest pain point at $98000. During the two large-scale option deliveries in January and February this year, the BTC spot price showed signs of approaching its maximum pain point. Will it repeat the previous trend for the third time this year? The internal and external environment of the cryptocurrency market is currently in a period of headwinds, and as option sellers, market makers/exchanges may not want or find it difficult to make any progress.