When it comes to perpetual futures which are swaps they never settle. Those monthly and quarterly futures settle at a specific time when it expires.

Options are very similar however it’s possible for an option to settle earlier if it is called. Especially since the 14000 call is being bought as in the money.

So Bitcoin can rally to like $20K and a week before expiry the owner of that call can exercise the option and it would settle earlier. However this only happens if you sell or wrote the call option. Won’t happen if you just buy it. Same with puts.

It's a settlement date which means it is a date when the payment is final.
based on what I understand you as a buyer must pay it today with the target price and expiry date and after that, your deal with a seller is settled and wait for execution if the price of bitcoin future touches the strike price before the expiry it will execute and the BTC will deliver to you. It is likely a contract where you can only buy BTC at the target price within this month if the price reaches the target price it will trigger and you will receive the BTC.

To understand it better check this link below

- https://www.investopedia.com/terms/s/settlementdate.asp