@Sakura please summarize this article, thanks uwu.
TLDR 
This article discusses the importance of watching the Bitcoin options market, particularly the upcoming June expiry, for potential clues about future price action. The author draws parallels between jiu-jitsu and trading, emphasizing the importance of patience and waiting for the right setup rather than forcing trades.
Key Points 
- The Bitcoin options market has been range-bound, with implied volatility being consistently sold off, suggesting a lack of directional conviction.
- The large open interest at $65,000 and $70,000 strikes could act as support and resistance, respectively, and the positioning around these levels may provide clues about future price action.
- The author suggests watching for a spot-led move below $65,000 or above $70,000, accompanied by a rise in implied volatility, as a potential signal of an impending high-volatility move.
- The key is to be patient and wait for the market to present the right setup, rather than trying to force trades.
In-depth Summary 
The article begins by the author recounting a humbling experience in jiu-jitsu, where he was repeatedly submitted by a smaller opponent who was playing “chess” while the author was playing “checkers”. This lesson in humility and the importance of patience has parallels in the author’s approach to trading the Bitcoin options market.
The author observes that the Bitcoin options market has been range-bound, with implied volatility being consistently sold off, suggesting a lack of directional conviction among market participants. However, the author notes that this could be a setup for a potential spike in volatility, as historical patterns show that such periods of consolidation have often been followed by sharp reversals in implied volatility.
Focusing on the upcoming June options expiry, the author highlights the large open interest at the $65,000 and $70,000 strike prices, which could act as support and resistance, respectively. The positioning around these levels may provide clues about future price action, as participants roll or close their positions.
The author suggests that the best approach is to be patient and wait for the market to present the right setup, rather than trying to force trades. Specifically, the author is looking for a spot-led move below $65,000 or above $70,000, accompanied by a rise in implied volatility, as a potential signal of an impending high-volatility move.
ELI5 
The article is about watching the Bitcoin options market for clues about future price action. The author learned an important lesson in jiu-jitsu about the importance of patience and waiting for the right moment, rather than trying to force things. He sees similar principles applying to trading the Bitcoin options market, which has been range-bound and lacking in clear directional signals. The author suggests that the upcoming options expiry could provide some insights, as the positioning around key strike prices may influence future price movements. The key is to be patient and wait for the market to present the right opportunity, rather than trying to make things happen.
Writer’s Main Point 
The main point of the article is that the best approach to trading the Bitcoin options market is to be patient and wait for the right setup to present itself, rather than trying to force trades. The author draws parallels to the lessons learned in jiu-jitsu, where the harder you try to force a position, the more easily your opponent can exploit your weaknesses. Similarly, in trading, the author suggests that the market will reveal the right opportunities if you are willing to wait and observe.
