Watch Out for Bitcoin (BTC) This Friday! A $14 Billion Earthquake is Expected!

This week will be very important for Bitcoin (BTC). Both the five-day deadline given to Iran by US President Donald Trump will expire, and a major option expiration will occur on Deribit.

Accordingly, Bitcoin options worth approximately $14.16 billion (nearly 40% of open positions on Deribit) will expire on Friday.

These options are particularly significant as they fall on the last day of both the week and the month, and their potential impact on prices will be closely watched.

Bitcoin options on the Deribit cryptocurrency derivatives exchange, expiring on the 27th, are estimated to be worth approximately $14.16 billion.

At this point, the maximum pain level for the March 27 expiry is around $75,000, and analysts predict that this price could act as a magnet.

At this point, many analysts see $75,000 as a significant resistance level. They predict that if this price level is broken, Bitcoin could enter a full-blown uptrend.

Speaking to Coindesk, Deribit’s Director of Commercial Operations, Jean-David Péquignot, said: “At a time when Bitcoin is currently trading near $71,000, the maximum loss price of $75,000 is creating a pull. Historically, this has incentivized market makers to delta-hedge, which can push prices towards the strike price where most options expire worthless.”

*This is not investment advice.