Greeks.live: BTC Maximum Pain Point at $70,000, Rebound Ends as Market Returns to Bear Market Pattern

DeepFlowTech · 2026-03-20T05:54:53+00:00

On March 20, crypto options market expires: 23,000 BTC contracts expiring with a max pain point of $70,000, and 176,000 ETH contracts expiring with a max pain point of $2,150. Bitcoin has broken below $70,000, the market shows a bearish pattern, bullish momentum is weak, and trading activity is sluggish.

DeepFlowTech

2026-03-20 05:54:53

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Deep Tide TechFlow News, March 20 — According to options analyst Adam@Greeks.live (@BTC__options), the crypto options market is set for this week’s expiration: 23,000 BTC options expiring with a Put-Call Ratio of 0.88, with the maximum pain point at $70,000 and a notional value of $1.6 billion; 176,000 ETH options expiring with a Put-Call Ratio of 1.04, with the maximum pain point at $2,150 and a notional value of $370 million.

This round of crypto market rebound has ended, with Bitcoin briefly falling below the $70,000 mark. Based on options open interest distribution, $75,000 is the key resistance level for next week’s quarterly expiration, with dense support zones at $65K/$62K/$60K below. Currently, BTC implied volatility (IV) remains around 50%, ETH around 70%, and the RV continues to decline, causing VRP to rise. The overall market is in a bearish pattern, with bullish forces quite fragile, and Bitcoin trading activity remains at extremely low levels.

BTC0,39%

ETH-1,41%

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