16.5 billion dollars in Bitcoin options ends on Friday – Will the BTC price be over 90 thousand dollars?

Bitcoin (BTC) investors are preparing for a monthly options worth $ 16.5 billion on March 28. However, the actual market impact is expected to be more limited, as the BTC decrease less than $ 90,000 was arrested by investors as they nullify many biological situations.

This shift gives Bitcoin a decisive opportunity to escape a possible loss of $ 3 billion, a factor that can significantly affect the market dynamics in the coming weeks.

Currently, the total open interest options (purchase) (purchase) is $ 10.5 billion, while (sale) options (sale) is delayed at $ 6 billion. However, $ 7.6 billion of these calls is determined at 92,000 dollars or higher, which means that bitcoin will need to increase by 6.4 % of its current price to make them viable by expiration on March 28. As a result, the advantage of the bills has weakened significantly.

Bitcoin Bulls pray for “disengagement” if QE restart

Some analysts attribute the weak performance of Bitcoin to the war of continuous global tariffs and spending on the US government, which increases the risk of economic stagnation. Traders worry about the slower growth, especially in the artificial intelligence sector, which pushed the S&P 500 to a record level on February 19 before it decreased by 7 %.

Meanwhile, Bitcoin Bulls is still optimistic about the disintegration of the stock market, although the 40 -day link remains higher than 70 % since early March. Their optimism stems from the expansion of the monetary base by central banks and increased bitcoin adoption by companies such as Gamestop (GME), Rumble (Rum), Metaplanet (Tyo: 3350), and Semler Scientific (SMLR).

With the options expiration date approaching, each bulls and bears are a strong incentive to affect the price of the stain on bitcoin. However, while bossy investors aim at more than $ 92,000, their optimism alone is not sufficient to ensure BTC exceeds this sign. Deribit leads the options market with a 74 % stake, followed by Chicago Mercantile Exchange (CME) by 8.5 % and Binance by 8 %.

Looking at the current market dynamics, Bitcoin Bulls carries a strategic feature that tends to the end of the monthly options. For example, if Bitcoin remains at 86,500 dollars by 8:00 am UTO on March 28, options (sale) will be only $ 2 billion. This stimulating position to pay bitcoin to less than 84,000 dollars, which will increase the value of active mode options to $ 2.6 billion.

Related to: Will Gamestop purchase Bitcoin BTC price on $ 200,000?

Bitcoin Bulls will have the edge if the BTC price passes 90,000 dollars

Here are five possible scenarios based on current prices. These results estimate theoretical profits based on the imbalances of open benefits, but they exclude complex strategies, such as selling options to obtain exposure of upward prices.

• Between $ 81,000 and $ 85,000: $ 2.7 billion in calls (purchase) for $ 2.6 billion in sale (sale). The clear result prefers call tools by $ 100 million.

• Between $ 85,000 and $ 88,000: $ 3.3 billion calls for $ 2 billion, in favor of calls by $ 1.3 billion.

• Between $ 88,000 and $ 90,000: 3.4 billion dollars call for $ 1.8 billion. Prefer calls by $ 1.6 billion.

• Between $ 90,000 and $ 92,000: 4.4 billion dollars, a call for $ 1.4 billion, in favor of calls by $ 3 billion.

To reduce losses, the bears must pay Bitcoin to less than 84,000 dollars – a 3 % decrease – before the expiration of March 28. This step will increase the value of PUT (sale) options and enhance its position.

On the contrary, Bulls can increase its gains by driving BTC above 90,000 dollars, which may create enough momentum to create a bullish trend for the month of April, especially if the flows in the boxes circulating in Bitcoin exchange (ETFS) resume at a strong pace.

This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.