Bitcoin, the largest cryptocurrency, faces challenges in determining its direction. Recent events like option expirations and trade wars have increased volatility and uncertainty.
Market Downturn
Last week, Bitcoin ended on a bearish note, experiencing a decrease after intense selling on Friday, March 28th, 2025. It closed at $82,451.69, marking a daily loss of 0.09% and a weekly loss of 4.5%, amid significant market turmoil.
Options' Role in Price Drop
A significant factor for market instability was the expiration of Bitcoin options. On March 28, options worth $12.1 billion expired. Options typically expire on the last Friday of each month, creating significant uncertainty. Despite a favorable call/put ratio of 0.49, the negative impact was evident.
Global Economic Factors
The trade war between the U.S. and other countries has added pressure, prompting investors to shift focus from risky assets like Bitcoin to more stable options such as gold. With ongoing global economic tension, Bitcoin may continue to struggle to rise above $85,000.
With persistent global economic uncertainty, Bitcoin may face challenges in recovering. It is crucial to monitor economic events and their impact on the cryptocurrency market.
