Today (March 27) is the largest Bitcoin options expiration day of Q1. Nearly 40% of Bitcoin options on the Deribit platform are expiring, involving approximately $15 billion in funds. Market volatility is definitely going to increase today.

Although the biggest delivery pressure is at $75,000, we are still far from that level, and data shows more bullish traders than bearish ones. But everyone must be aware that volatility tends to decrease rapidly before and after expiration. Even if your market direction is correct and you chase a short-term move at a high level, you may end up making a profit on the direction but not on the actual trade.

Currently, the bulls and bears are in fierce competition, and the market is oscillating in the range of $69,000 to $71,000, waiting for a clear direction. Many large traders have shifted their positions to bullish options expiring in June and September, indicating they remain optimistic about the market in the second half of the year.

My simple advice: Before options expiration, observe more and act less. Don’t get shaken out by sudden price swings. Wait until the market direction becomes clear, and it’s not too late to make a move.