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

Bitbit (BTC) This week will be a very important week for this week’s . US President Donald Trump’s five-day deadline for Iran will expire, and a major option expiration on Deribit will be expired.

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

But these options are particularly important as they fall on the last day of both the week and the month, and will have a very close effect on prices.

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

The March 27 expiry is at about $75,000, the highest pain level for this time and analysts say that it could be a magnet.

For many analysts, $75,000 is a significant resistance level at this stage of the day for . If this price level is broken, they say Bitcoin could go into a full-blown uptrend if it’s not yet in the market.

In a statement to Coindesk, Deribit’s Director of Commercial Operations Jean-David Péquignot said ‘At the time when Bitcoin is trading near $71,000, the highest loss price on its own side is making. Historically, this has influenced the incentivation of market makers to delta-hedge, which can push prices towards the strike price where most options expire worthless. Paraphrasingr ’It is.

*This is not investment advice.

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