On March 27, the monthly and quarterly options expired, with a total of $13.4B in notional value for BTC contracts. The options expiry may affect the market over the coming weekend, as options traders reposition and signal their expectations of BTC.
A total of 194,400 BTC contracts expired on March 27, for a larger than usual quarterly options event. The maximum pain levels are at $74,000, but the options repositioning may sway the spot market.