Bitcoin trades above $69K following largest quarterly options expiry in history

Bitcoin remained above the key $69,000 mark following the quarterly expiry event, suggesting the pre-halving retracement may be over.

The Bitcoin (BTC) price remained above the $69,000 mark on March 29 despite the market experiencing the biggest quarterly Bitcoin futures options expiry event in history.

Hao Yang, the global head of derivatives trading at Bybit exchange, told Cointelegraph:

Over $15.1 billion worth of cryptocurrency futures options expired on Deribit on March 29 at 8:00 am UTC, according to a March 28 X post by Deribit.

Read more