29,000 Bitcoin expiration date looms, important event is around the corner 
BTCUSD Options and 270,000 Ethereum 
ETHUSD Optional, according to data provided by Greeks.live. The event, scheduled for March 8, will include options with a total notional amount of more than $3 billion.
Cryptocurrency markets have been extremely volatile, experiencing their biggest fluctuations in nearly a year, with Bitcoin experiencing a 10% plunge after hitting a new all-time high of over $69,000.
A surge in options trading, driven by the U.S. money-driven spot bull market, is a sign of growing investor interest.
About option expiration dates
An option contract gives the buyer the right to buy (in the case of a call option) or sell (in the case of a put option) the underlying asset at a preset price, called the strike price, before the contract expires at a specified time. provided to you. Date (expiration date).
The put-call ratio is an important indicator used to measure market sentiment. It is calculated by dividing the number of put options traded by the number of call options traded.
A ratio below 1, such as 0.86 for BTC and 0.55 for ETH, suggests that call options (bets that the price will go up) are traded more than put options (bets that the price will go down). , indicating generally bullish sentiment among investors. . However, the market is not overwhelmingly bullish, so a value below 1 suggests a caution level.
The concept of “maximum pain point” refers to the price level at which the maximum number of options (both calls and puts) expire worthless. For investors holding these options, this represents a worst-case scenario in which they receive nothing from their investment in the option contract.
The biggest problem in this context is $60,000 for BTC and $2,950 for ETH. Traders and market analysts often pay close attention to these levels as option expiration approaches, as a significant number of traders may act to avoid the biggest pain points.
Bitcoin price integration
Bitcoin's price movement has been under the spotlight, with market analysts and top traders like Jake Wojoustyk predicting that Bitcoin is poised to hit new record highs.
After a quick V-shaped recovery from the recent sell-off, Bitcoin price has stabilized, showing strong signs of an upcoming bull market. The cryptocurrency is currently trading around $67,000, and its market capitalization has reached a new high of $1.33 trillion, reflecting growing investor confidence and adoption.
The ABC pattern formed during the consolidation phase suggests a solid foundation for a potential price rally, with predictions suggesting reaching the $76,000 level.
