$16.5B in Bitcoin options expire on Friday — Will BTC price soar above $90K?
This week’s $16.5 billion Bitcoin options expiry could see BTC price swing in either direction.
Bitcoin (BTC) investors are preparing for the record-breaking $16.5 billion monthly options expiry on March 28. However, the actual market impact is expected to be more limited, as BTC’s drop below $90,000 caught investors off guard and invalidated many bullish positions.
This shift gives Bitcoin bears a crucial opportunity to escape a potential $3 billion loss, a factor that could significantly influence market dynamics in the coming weeks.
Bitcoin options open interest for March 28, USD. Source: Laevitas.ch
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