72,000 Bitcoin options are about to be delivered. What does this mean?

Wu said blockchain learned that according to bybt data, Bitcoin will usher in the option delivery date on April 30, and 72,000 Bitcoin options will be delivered soon. According to Deribit data, the maximum pain point of options is $54,000. The maximum pain point means that when the option expires, if Bitcoin reaches this position, the option buyer will lose the most and the option seller will make the most profit. If the price on that day is significantly higher than the maximum pain point, the option seller may try his best to smash the price to the vicinity of the maximum pain point. On the contrary, if the price on that day is significantly lower than the maximum pain point, the option seller will raise the price as much as possible. At present, Bitcoin is fluctuating around the maximum pain point of $54,000. The market does not have much momentum to pull up or down for the time being. Bitcoin has also formed a good support at this position. The impact of tomorrow's delivery on the market should be relatively limited.