Bitcoin investors are gearing up for a massive $16.5 billion options expiry on March 28, but the real impact might be muted. With BTC dropping below $90,000, many bullish bets have been invalidated, giving bears a chance to dodge a potential $3 billion loss. Currently, call options total $10.5 billion, but $7.6 billion of these are set at $92,000 or higher, making them unlikely to be profitable. Bulls hope for a decoupling from the stock market, driven by central bank policies and increased adoption. As the expiry date looms, both bulls and bears are keen to sway Bitcoin's price.