Massive Bitcoin Shakeup? Here’s What $14 Billion in Expiring Options Means for Prices

Today, the crypto market is tense as we have over $14 billion in Ethereum and Bitcoin options set to expire, which could lead to significant price movement. Bitcoin is trading close to $85,000, down 3% since earlier in the week, reflecting the ongoing BTC market trend of heightened volatility. Furthermore, Bitcoin’s max pain point is at that level, and there is speculation that market makers may push prices toward that max pain point, leading to even more ambiguity. It’s a wait-and-see moment for investors, as volatility seems mathematically assured.

What the Bitcoin Options Expiry Means for BTC

According to Greeks.live, 139,000 Bitcoin options worth ~ $12.1 billion will expire today. A put-call ratio of 0.49 shows traders are a bit more long-biased than short, but we will see how that plays out. Big options expirations have historically produced volatile price action, creating moves in both directions like a flash crash or rally. Market participants appear to be preparing for market shifts and re-positioning as sentiment shifts and buyers and sellers act in live time.

External Forces Adding to the Uncertainty

Other factors are impacting Bitcoin’s price action, in addition to today’s Bitcoin options expiry. Reports suggest the market is nervous because of uncertainty around possible U.S. tariffs associated with President Donald Trump. Given that we are nearing the second quarter of 2025, selling pressure continues to mount, and without a catalyst to propel it higher, the path of least resistance may be difficult. This uncertainty is shaping the BTC market trend as traders look at Bitcoin’s technical indicators for clues on its next move. Let’s take a look at where the charts are telling us the price of Bitcoin is leading.

Price Analysis and BTC Price Prediction

Bitcoin’s four-day decline continued on March 28 as trading started. Despite a hint of rebound at 00:40 UTC with a golden cross on the MACD, pre-market trading experienced a shift at 2:00 UTC with a death cross that reversed gains, adding confirmation of further bearish momentum. Another death cross at 04:30 UTC reinforced the bearish decline after an oversold RSI extended a momentum focal point before a ten-minute recovery with a golden cross at 05:45 UTC. Selling pressure was evident despite $85,000 forming as support and trading occurring after another golden cross at 08:35 UTC for a minor price rebound.

Chart 1, Analyzed by Alokkp0608, published on March 29, 2025.

Bitcoin peaked at $85,550 before falling back down when a death cross formed at 13:45 UTC, establishing a key support at $83,530 and repeating the oversold RSI signal for the second time that day. The price is still locked into a range between $83,740 and $84,600. This means the market is uncertain as the March 29 trading day begins.

Bitcoin’s Next Move: What to Watch for Now

Bitcoin is currently trading within a very tight range, between $83,740 and $84,600, as traders continue to check important technical levels in search of the next price breakout. Given the $14 billion in Bitcoin options expiring, volatility is likely on the way, and Bitcoin may see large price movement in the near term. The maximum pain point on open interest at $85,000 may reflect attempts from market makers to manipulate Bitcoin’s price, providing additional uncertainty.

Additionally, negative macro factors, including concerns about tariffs in the U.S., have likely weighed down sentiment and added to selling pressure. Unless a strong bullish driver occurs, Bitcoin could continue to produce choppy price action. Traders are now focusing on support at $83,530 and resistance at $85,840 for crucial breakout biases. The BTC price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.

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