Bitcoin Bears Face $8.65 Billion Challenge Ahead of Options Expiry

As Bitcoin approaches a critical options expiry, bears may be caught in a significant financial trap worth $8.65 billion. The max pain point looms near $90,000.

As Bitcoin’s options expiry date of March 27, 2023, approaches, a substantial financial scenario is developing. This date represents a vital point in the market where a considerable volume of conditional bets, totaling approximately $8.65 billion in notional open interest, must either be closed, adjusted, or executed as the deadline nears.

The upcoming expiry indicates a potential financial pitfall for Bitcoin bears, as the max pain point is currently situated at around $90,000. This scenario could lead to significant market activity, prompting traders to navigate a complex landscape of options contracts.