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$16.5B in BTC options expiring today could spark short-term volatility, especially if price stays near the $85K–$90K pivot zone.
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With many $92K+ call options at risk, Bitcoin faces pressure—only a strong rally can shift momentum toward a new ATH.
Despite the previously reported Bitcoin price outlook by Crypto News Flash (CNF), the cryptocurrency market now braces for a high-stakes moment: a massive $16.5 billion in Bitcoin (BTC) options is set to expire today, March 28, 2025.
This expiration event could spark notable volatility and heavily influence BTC’s short-term price trajectory.
Understanding the Options Expiry
Options are derivatives that give holders the right—but not the obligation—to buy (call options) or sell (put options) an asset at a set price before a specified date.
Depending on where Bitcoin trades at the time of expiry, three potential outcomes could emerge. If BTC falls below $85,000, bears are likely to gain the upper hand as put options increase in value, potentially triggering a market sell-off.
If the price remains between $85,000 and $90,000, it represents a neutral zone where neither bulls nor bears have a clear advantage, which could result in sideways price movement.
However, if Bitcoin rises above $90,000, bulls may take control, as many call options would become profitable—potentially driving the price higher.
Traders should monitor these zones closely for market direction cues.
Broader Market Influences
Macroeconomic conditions, such as global uncertainty and central bank policies, also play a role. Investors are watching for a potential decoupling of BTC from traditional financial markets—especially if institutions pivot toward crypto-friendly strategies.
As of now, total open interest includes $10.5 billion in call options and $6 billion in puts. A large share of the bullish call options are concentrated at strike prices of $92,000+. With BTC trading below those levels, many of these options could expire worthless—giving bears leverage.
Current Bitcoin Price – Will BTC Rally to a New ATH?
According to CNF report about the recent on-chain data, Bitcoin has encountered resistance near the $89,000 mark. At the time of writing, BTC is trading at $84,948, showing a 2.57% daily decrease and a 1.01% weekly gain, according to Coin Market Cap data.
In addition, according to per Grok’s analysis:
“Bitcoin’s ~$85,523 level on March 28, 2025, faces volatility from a $16.5B options expiry. In the $85K–$90K range, BTC is on a knife’s edge—either a bearish drop or neutral stability. The pressure from unprofitable $92K+ call options could weigh prices down. Sharp moves are expected.”
Investors should stay alert during this heightened period of volatility. Options expiry days are known for sudden price swings. See BTC price chart below.
