A major Bitcoin and Ethereum options expiry is set to occur in March. This event is anticipated amid market volatility, potentially leading to further price fluctuations.
Announcement of Significant Options Expiry
Deribit announced that on March 28, over $13.2 billion in Bitcoin and Ethereum options will expire. Approximately $11.3 billion in Bitcoin options and $1.96 billion in Ethereum options are set to expire, with Max Pain points at $85,000 for BTC and $2,500 for ETH.
Current Bitcoin and Ethereum Price Situation
Bitcoin and Ethereum prices are declining ahead of the FOMC meeting. Currently, BTC is trading above $81,000 and ETH above $1,800. Both assets have shown a decrease over the past 24 hours.
Reasons for Optimism in the Crypto Market
Despite volatility, the crypto market remains optimistic due to several factors: 1. Bitcoin whale accumulation has significantly increased since November 2024, 2. Bitcoin ETFs have recorded inflows again, 3. Major companies continue investing, 4. The Bitcoin Act in the US has a good chance of passing, 5. Global Bitcoin and crypto adoption are growing.
Amid the upcoming significant options expiry and current volatility, there are numerous reasons for the market to remain optimistic.
