Quarterly Expiry – A $14 Billion "Storm" Awaiting Bitcoin?
Analysts' attention is currently fixed on March 27 – the quarterly options expiry with a total Notional Open Interest of $14.05 billion. This is one of the largest expiries of the year, with heavy concentrations of options clustered in the $74,000 - $75,000 range. #Colecolen
According to Adam Chu from GreeksLive, markets tend to move sideways or exhibit low volatility ahead of these major settlements. This is because market makers often attempt to pin the price near the "max pain point" to optimize their profits. With Bitcoin currently trading below $70,000, there is a significant gap from the upper option clusters. Unless there is a black swan event or a sudden macro breakthrough, we might see a dull consolidation phase in the short term before a clearer trend is established post-settlement. $BTC
