- BTC ($87,605.00) must overcome strong resistance at the $88K–$90K range to maintain bullish momentum amid the $16.5B options expiry.
- A high concentration of Bitcoin call options near $90K and declining volume hint at potential profit-taking or a pause in the rally.
A record-breaking $16.5 billion worth of Bitcoin [BTC] options are set to expire on the 28th of March, sparking intense speculation about the asset’s next major move.
As traders brace for this significant event, the options market and technical indicators flash crucial signals that could shape Bitcoin’s near-term direction.
Options market sees bullish tilt, but heavy clusters remain
Data from Coinglass shows massive Open Interest (OI) near the $90K strike price, with a notable tilt toward call options.
The notional value of the outstanding contracts has reached an all-time high, highlighting elevated market exposure.
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