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Will crypto markets react to $3B in Bitcoin options?

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About 35,000 Bitcoin options contracts will expire on Friday, March 14, with a notional value of about $2.9 billion. This week's activity is higher than last week, but the tough quarter-end $11 billion options contracts will expire on March 28. The value or volume of BTC options contracts that have not yet expired remains high, with nearly $1.6 billion sold at a $120,000 strike price ($1.4 billion) and nearly $1.6 billion sold at a $100,000 strike price ($1.3 billion) at $120,000. However, bears are getting bolder, betting nearly $850 million that Bitcoin will drop to $70,0000.

In addition to Bitcoin options, there are about 220,000 Ethereum contracts expiring today, with a notional value of $416 million and a call/call ratio of 0.68. This brings the total number of cryptocurrency options on Friday to around $3.3 billion.

Crypto market outlook analysis
The cryptocurrency market returned to the red this Friday, with the total capitalization falling by 3.7% to $2.76 trillion. Bitcoin made a slight recovery in the Asian session on Friday morning. However, the asset remains weak, and the analysis predicts a deeper correction down to around $71,000.

About 35,000 Bitcoin options contracts expire on Friday, March 14, with a notional value of about $2.9 billion. This week’s activity is higher than last week, but the tough quarter-ending $11 billion options contracts expire on March 28. The value or volume of BTC options contracts that have not yet expired remains high, with nearly $1.6 billion at a $120,000 strike price ($1.4 billion) and nearly $1.6 billion at a $100,000 strike price ($1.3 billion) at $120,000. However, bears are getting bolder, betting nearly $850 million that Bitcoin will drop to $70,0000.

In addition to Bitcoin options, there are about 220,000 Ethereum contracts expiring today, with a notional value of $416 million and a call/call ratio of 0.68. This brings the total number of cryptocurrency options on Friday to around $3.3 billion.

Crypto market outlook analysis
The cryptocurrency market returned to the red this Friday, with the total capitalization falling by 3.7% to $2.76 trillion. Bitcoin made a slight recovery in the Asian session on Friday morning. However, the asset remains weak, and the analysis predicts a deeper correction down to around $71,000. BTCUSDT BTCUSDT.P BTCUSD BTCUSD BTCUSD

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