Bitcoin (BTC) Market Tense as Over $14000000000 in Options Expire Today

Today, the crypto market is tense as we have over $1400000000 in Ethereum and Bitcoin options setting the stage for significant price movement.

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.

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.

Given that we are nearing the second quarter of 2025, selling pressure continues to outpace buying interest, and without a catalyst to propel it higher, the path of least resistance may be difficult to overcome. 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 heading.

Bitcoin’s four-day decline continued as trading started on March 28. While a hint of rebound was seen at 00:40 (UTC) with a golden cross on the MACD, pre-market trading saw a shift at 02:00 (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).

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

Still, 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.

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 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.

With $14 billion in Bitcoin options expiring and Bitcoin max pain point at $85,000, volatility is likely on the way, and Bitcoin may see large price movement in the near term.

At the same time, there are speculations that market makers might push prices toward the max pain point, leading to even more ambiguity. It’s a wait-and-see moment for investors, as volatility seems mathematically assured.