📉 $BTC was dumped against the backdrop of option expiration worth $14 billion.

While people were waiting for the spring moonshot, market makers technically rolled $BTC down to $66k. All because contracts worth $14 billion expired in the market. This is the largest option expiration for the year 2026.

The result is predictable: #bitcoin fell by 4% and updated its two-week low. All this paper trading of derivatives still affects the spot chart.

Options are a tool that gives the right (but not the obligation) to buy or sell an asset at a fixed price in the future.

Right now, panic is rising in the order books. The main magnet that the entire market is now horrifiedly staring at is the psychological mark of $60k💀