On March 28, $11.9 billion in BTC options will expire, with the maximum pain point at $85,000.
What is meant by 'maximum pain point'? It refers to the price level where the main players are most likely to push the price down to this level, causing both options buyers and sellers to incur similar losses. Historical data shows that the December 2024 options expiry led to an 8% drop in BTC. Therefore, short-term price fluctuations may intensify.
But don’t panic; there are also times when the market is completely calm. So it’s not a certainty, it's more of a false proposition!
Finally, let’s have a casual chat about why Bitcoin still has value?!
Since 2000, the dollar has depreciated by over 363%. If your savings can’t keep up with this rate, it’s equivalent to getting poorer every year. The dollar is gradually losing its value, and Bitcoin has now become a core tool for combating inflation.
Two years ago, only 33 publicly listed companies dared to buy BTC; now over 80 companies are hoarding this stuff. What does this mean? Companies are afraid of being left behind.
In addition to companies, there are also large holders. Recently, the founder of MicroStrategy stated that large holders have been consistently bottom-fishing and buying; they indeed have a positive outlook on Bitcoin's long-term performance.
During Trump's four-year term, Bitcoin will definitely be tossed around repeatedly!